DSK Legal advised Kotak Investment Advisors Limited (“KIAL”), in relation to the closure of KIAL’s 13threal estate fund for opportunistic real estate investments in India.

This fund will have a corpus of USD 1,000,000,000 (US Dollars One Billion only), secured through an investment of USD 500,000,000 (US Dollars Five Hundred Million only) from a wholly owned subsidiary of Abu Dhabi Investment Authority (“ADIA”), and is domiciled in Gujarat International Finance Tech City (“GIFT City”).

DSK Legal assisted KIAL in, inter alia: reviewing, negotiating and revising the contribution agreement(s), investment management agreement and the trust deed and drafting and reviewing of all other ancillary documents related to the transaction.

The team representing DSK Legal comprised of Mr. Hemang Parekh (Partner), Ms. Saumya Malviya (Senior Associate) and Ms. Sharmishtha Bharde (Associate).

Press coverage for the transaction:

https://www.deccanherald.com/business/business-news/kotak-realty-fund-gets-500-million-anchor-investment-from-adia-1162595.html

https://www.ndtv.com/business/kotak-investment-advisors-raises-500-million-for-1-billion-real-estate-fund-3521452

https://www.businessinsider.in/business/news/adia-commits-500-mn-to-kotak-investment-advisors-1-bn-real-estate-fund/articleshow/95532819.cms

https://www.financialexpress.com/industry/kotak-realty-fund-gets-usd-500-million-anchor-commitment-from-adia/2816098/

https://economictimes.indiatimes.com/industry/services/property-/-cstruction/kotak-investment-advisors-secures-500-million-first-close-from-adia-for-1-billion-realty-fund/articleshow/95524430.cms

https://www.moneycontrol.com/news/business/kotak-realty-fund-gets-500-million-anchor-commitment-from-adia-9532361.html

https://www.livemint.com/companies/news/kotak-gets-50-commitment-from-adia-for-1-bn-real-estate-fund-11668498046003.html