Kotak Mahindra AMC launches India's first REIT fund of funds

08 Dec 2020 CW Team

Kotak Mahindra AMC recently launched Kotak International REIT Fund of Funds, which is an open-ended scheme that invests in units of the SMAM Asia REIT Sub Trust Fund. The New Fund Offer (NFO) closes December 21.

The Kotak International REIT Fund of Funds scheme provides opportunities for investors to grow in the real estate market without having to own the entire asset and invests in real estate projects in residential, office, data centres, warehousing, retail and hospitality domains.

SMAM Asia REIT Sub Trust Fund, the largest group investing in REITs in the Asia-Pacific region is SMAM Asia REIT Sub Trust Fund, is managed by Sumitomo Mitsui DS Asset Management Company Limited, which has a significant portfolio of REITs in Singapore, Australia and Hong Kong.

Source: Livemint

Infrastructure Transport

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

The Modern Coach Factory (MCF) at Raebareli in Uttar Pradesh has achieved a major manufacturing milestone with the rollout of its 15,000th railway coach on December 15, the Ministry of Railways said.In a press note, the ministry said that MCF has already produced 1,310 coaches in the current financial year 2025–26, reflecting sustained high output at one of Indian Railways’ most advanced passenger coach manufacturing units.Established in 2007 at Lalganj in Raebareli district, MCF was built at a cost of Rs 31.92 billion with an initial annual production capacity of 1,000 coaches. The factor..

RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..