Franklin Templeton India Mutual Fund has appointed Kotak Bank to assist them in monetizing assets of the wound up schemes, said a company press release.
Kotak Bank through its debt capital markets team will work closely with Franklin Templeton trustees to assist with all portfolio actions in the six schemes to be wound up. The fund house believes that that this appointment will expedite the asset monetization process of the fund house.
Sanjay Sapre, President, Franklin Templeton – India, said, “Franklin Templeton is committed to ensuring an orderly and equitable exit for all investors at the earliest possible time, and we will partner with the Board of Trustees and Kotak Mahindra Bank to ensure an efficient wind-up of these schemes, while preserving maximum value for our investors.”
