MUMBAI, July 2 (Reuters) - Kotak Mahindra International

Limited said on Tuesday that U.S. short-seller Hindenburg

Research has never been an investor in the K-India Opportunities

Fund.

Kotak was responding to allegations that Hindenburg colluded

with its client Kingdon Capital Management and used a Kotak

group offshore fund to short Adani group shares last year.

"The Fund was never aware that Hindenburg was a partner of

any of its investors," Kotak said in a media statement.

It added that investments were made in the fund by its

investors and not on behalf of any other person.

Kotak further said that it is cooperating with India markets

regulator.