Former SBI Chairman Rajnish Kumar appointed as exclusive advisor of Kotak’s Special Situation Fund

  • 'Kotak Investment Advisors Limited (KIAL), a wholly-owned subsidiary of Kotak Mahindra Bank Limited, focuses on the Alternate Assets business of the Group,' according to a statement by the company.

Staff Writer
First Published12 Feb 2021, 07:56 PM IST
Rajnish Kumar, chairman of State Bank of India Ltd.
Rajnish Kumar, chairman of State Bank of India Ltd.(Bloomberg)

Kotak Investment Advisors Limited (KIAL) today announced that Rajnish Kumar, former Chairman of State Bank of India (SBI), would be exclusive advisor for its US$ 1 billion Special Situation Fund.

Rajnish Kumar was the chairman of SBI for a tenure of three-year.

"Kotak Investment Advisors Limited (KIAL), a wholly-owned subsidiary of Kotak Mahindra Bank Limited, focuses on the Alternate Assets business of the Group," according to a statement by the company.

KIAL was set up in early 2005 to bring a sharper focus to the Group’s alternate assets and has raised in aggregate ~$4.6 billion across different asset classes including Private Equity Funds, Real Estate Funds, Infrastructure Funds, Special Situations Fund, Listed Strategies and Investment Advisory, all led by independent investment teams.

Rajnish Kumar was appointed the chairman of the largest public sector bank and he succeeded Arundhati Bhattacharya.

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.MoreLess
First Published:12 Feb 2021, 07:56 PM IST
HomeCompaniesPeopleFormer SBI Chairman Rajnish Kumar appointed as exclusive advisor of Kotak’s Special Situation Fund

Most Active Stocks

Bharat Electronics

313.50
03:59 PM | 18 JUL 2024
-12.85 (-3.94%)

Oil & Natural Gas Corporation

331.20
03:59 PM | 18 JUL 2024
8.8 (2.73%)

Zee Entertainment Enterprises

142.45
03:59 PM | 18 JUL 2024
-13 (-8.36%)

Tata Steel

166.35
03:56 PM | 18 JUL 2024
-0.7 (-0.42%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

India Cements

344.75
03:54 PM | 18 JUL 2024
21.7 (6.72%)

IDBI Bank

92.19
03:59 PM | 18 JUL 2024
4.27 (4.86%)

Endurance Technologies

2,679.00
03:29 PM | 18 JUL 2024
102.4 (3.97%)

Gillette India

8,002.75
03:29 PM | 18 JUL 2024
275 (3.56%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    75,099.00-147.00
    Chennai
    74,659.00-440.00
    Delhi
    74,512.00-294.00
    Kolkata
    75,539.0073.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.76/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsCibilPremiumMint Shorts