{"id":30240,"date":"2023-05-31T17:07:06","date_gmt":"2023-05-31T17:07:06","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/kotak-bank-relocates-mauritius-domiciled-fund-to-gift-city"},"modified":"2023-05-31T17:38:34","modified_gmt":"2023-05-31T17:38:34","slug":"kotak-bank-relocates-mauritius-domiciled-fund-to-gift-city","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/kotak-bank-relocates-mauritius-domiciled-fund-to-gift-city","title":{"rendered":"Kotak Bank relocates Mauritius domiciled fund to GIFT City"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Kotak Mahindra Bank has re-domiciled Alchemy India Long Term Fund to India\u2019s GIFT City from Mauritius. The bank has issued the first-ever foreign portfolio investor licence to Alchemy\u2019s fund for relocating from its original jurisdiction to the new jurisdiction.<\/p>\n

<\/a>\u201cWe are seeing great traction in various offshore business moving in IFSC in India.<\/p>\n

We would continue to work towards making IFSC in India a most preferred financial centre for International Financial Services,\u201d says Dipesh Shah, executive director (development) of ISFCA.<\/p>\n

We look forward to expanding our service offerings in GIFT City and are grateful to the International Financial Services Centres Authority and the Securities and Exchange Board of India (SEBI) officials for their support in making this possible,\u201d says Hiren Ved, whole-time director, chief executive officer and chief investment officer, Alchemy Capital Management.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Kotak Mahindra Bank has re-domiciled Alchemy India Long Term Fund to India\u2019s GIFT City from Mauritius. The bank has issued the first-ever foreign portfolio investor licence to Alchemy\u2019s fund for relocating from its original jurisdiction to the new jurisdiction. \u201cWe are seeing great traction in various offshore business moving in IFSC in […]<\/p>\n","protected":false},"author":84,"featured_media":30239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,245,373,241],"class_list":["post-30240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-mauritius","tag-bank","tag-mauritius"],"yoast_head":"\nKotak Bank relocates Mauritius domiciled fund to GIFT City - Mauritius<\/title>\n<meta name=\"description\" content=\"Kotak Mahindra Bank has re-domiciled Alchemy India Long Term Fund to India\u2019s GIFT City from Mauritius. 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