India: Kotak Special Situation fund invests $34m in Sanjaya Mariwala’s SPV

India: Kotak Special Situation fund invests $34m in Sanjaya Mariwala’s SPV

Photo: Mint

Kotak Special Situations Fund (KSSF) – managed by Kotak InvestmentAdvisors Limited (KIAL), today announced that it has invested ₹250 crore in Sanjaya Mariwala’ Kotak Special Situation Fund invests ₹250 crore in Sanjaya Mariwala’s SPVs Special Purpose Vehicle (SPV), to help the latter buy-out two B2C supplement businesses – “Setu” and “Edence” from Omniactive Health Technologies Limited (OmniActive) as well as provide dry-powder for further investment in the nutraceuticals businesses.