According to an official statement, Kotak Mahindra Bank raised about $90 million in order to invest in companies engaged in industries like power generation and transmission, transportation.
The amount, which is raised under the Core Infrastructure India Fund, would also be invested in water treatment and supply, waste management and gas transmission in India, the statement said.
Japan’s Sumitomo Mitsui Banking Corp, an affiliate of Brookfield Asset Management, Japan Bank for International Co-operation are the other main investors, in addition to Kotak Group, the statement said.
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