Kotak Alternate Opportunities India Fund:Kotak Realty has routed the investment in Sunteck through investment fund 'Kotak Alternate Opportunities India Fund'. This would be one of the first investments from the new $400 million realty fund recently raised from domestic investors by Kotak Realty.
Equity and Convertible Preference Share:The investment will be done through a combination of equity and convertible preference shares, which on conversion will result in a 10% stake in the company, on a fully-diluted basis.
Expansion and Diversification:Sunteck Realty would utilise funds to expand its real estate developments within Mumbai, and diversify into other geographical locations: Goa, Pune, Nagpur, Chennai and other key tier-II cities.
real estate investment blog Mumbai real estate Sunteck Realty Kotak Realty Fund Kotak Alternate Opportunities India Fund investment investor Indian investor realty fund equity convertible preference shares expansion diversification funding Goa real estate Pune real estate Nagpur real estate Chennai real estate Indian tier-II cities real estate