Kotak Mahindra (UK), a wholly owned subsidiary of India’s Kotak Mahindra Bank, is presenting a fixed maturity plan to help foreign investors access the India corporate debt market. This follows the closure in early July of Kotak Fixed Maturity Plan-I, which raised about USD140m from investors worldwide. Kotak says international investors are increasingly looking for ways to invest in Indian corporate debt. They are attracted by the combination of safety of capital coupled with higher returns than are available from companies in western markets. Data released by the Securities and Exchange board of India shows that foreign institutional investors invested USD6.88bn in debt in India compared to USD6.08bn in equity from January to June 2010.
On 22 July 2010, In Alternative Investments, Job & Careers, By staff
On 13 July 2010, In Alternative Investments, By staff
Starwood Capital Group, a private equity firm focused on real estate and energy infrastructure, has nominated Sundaram V. Rajagopal as managing director, India and Southeast Asia, Starwood Capital India Advisors. Rajagopal will lead all acquisition and asset management activities for Starwood Capital in India and Southeast Asia and will manage the team based in Mumbai, India. Rajagopal brings more than 17 years of real estate experience to the position, including nearly ten years executing real estate investments in India. He previously worked at Starwood Capital Group from 2002 to 2005.
On 8 July 2010, In Alternative Investments, Job & Careers, By staff
EGShares, an emerging markets sector exchange-traded fund provider, has presented an India small cap ETF, the first ETF that offers investors access to small capitalisation companies in the world’s largest democracy. The Emerging Global Shares Indxx India Small Cap Index Fund invests in 75 publicly traded companies with market capitalisations between USD100m and USD2bb and is designed to track the performance of the Indxx India Small Cap Index.“We’re very excited about launching the world’s first India small cap ETF,” says Robert Holderith, president and chief executive of EGShares. “We believe that until today, India exposure through ETFs has been limited and the offerings have been very similar. With almost zero overlap in holdings versus the current ETF offerings and a meaningfully different industry allocation, our fund attempts to provide exposure to some of the fastest growing companies in one of the world’s fastest growing economies.”
On 7 May 2010, In Alternative Investments, Job & Careers, By staff
Duncan Lawrie has inaugurated a representative office in Kolkata offering banking and investment management services to private clients resident in India. Duncan Lawrie, part of the Camellia group of companies, has its origins in Kolkata dating back to the late 19th century when two Scotsmen, Walter Duncan and Alexander Lawrie, travelled to the region and established merchanting houses which traded with the UK.
On 19 April 2010, In Private Equity, By staff
Private equity investments in India in quarter one 2010 climbed to the highest level in six quarters as a rally in equities helped stoke a revival in appetite of investors. The quarter saw 69 deals bringing in USD2.2bn.
