India: Kotak Group, Canada Pension board to launch $600m fund to buy stressed assets

India: Kotak Group, Canada Pension board to launch $600m fund to buy stressed assets

Photo: Pradeep Gaur/Mint

The Kotak group will launch a $500-600 million fund, along with the Canadian pension fund manager, to buy stressed assets on the books of India’s banks, two people familiar with the plan said.

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