India’s Kotak Mahindra unit secures UAE licence to sell funds to retail investors

Aug 18 (Reuters) - Kotak International, the global arm of India's third-largest private lender Kotak Mahindra (KTKM.NS), opens new tab, said on Monday it has been given a licence by the United Arab Emirates (UAE) to sell investment funds and portfolios to onshore retail investors. Kotak is the first Indian firm to receive a licence from…