Kotak Alts invests $122.5M in Tirupati Medicare, exiting previous investor Affirma Capital.

Kotak Alternate Asset Managers (Kotak Alts) has invested Rs 1,050 crore ($122.5 million) in Tirupati Medicare, a top nutraceutical manufacturer, enabling a full exit for previous investor Affirma Capital. The investment supports Tirupati Medicare's expansion plans and aims to help it grow both domestically and internationally. Tirupati Medicare serves major clients like Herbalife and Pfizer.