Kotak Fund set to acquire its first road asset
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Synopsis KSSF is taking control of the project by settling the dues of this company through a one-time settlement. The deal is likely to be completed before the end of this month. Banks are taking about a 50% haircut in this deal, one of the two persons cited above said. KSSF did not reply to an email seeking comment.
Agencies
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Kotak Special Situations Fund (KSSF) the $1 billion investor in distressed assets is close to taking control in Telengana based HKR Roadways a special purpose vehicle (SPV) building the 207 kms Hyderabad-Karimnagar-Ramagundan highway.
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