Kotak Investment Advisors raises $590 million under its India-dedicated Kotak Data Centre Fund

Kotak Investment Advisors has raised $590 million (about Rs 48.85 billion) under the first close of its India-dedicated Kotak Data Centre Fund, domiciled in Gujarat’s GIFT City. In total, Kotak Investment Advisors plans to raise $800 million under the Kotak Data Centre Fund. The funds will be deployed in creating and building data centre capacity across the country, and will be the first such India-focused fund to partner with data centre operators to tap the fast growing digital infrastructure opportunity.