News and developments
TRANSACTION SUMMARY
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