Kotak Special Situation fund invests Rs.250 crore in Sanjaya Mariwala's SPV
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New Delhi, Feb. 23 -- Kotak Special Situations Fund (KSSF) - managed by Kotak InvestmentAdvisors Limited (KIAL), today announced that it has invested Rs.250 crore in Sanjaya Mariwala'Kotak Special Situation Fund Invests Rs.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.
India is expected to be one of the global leaders in the nutraceuticals industry and the acquisition of Setu and Edence, will help fuel the growth of Setu and Edence by creating a focussed growth trajectory in the B2C space.
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