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Jun 15, 2024 · Kotak Securities Chairperson Uday Kotak has slammed the system wherein companies allot shares to creditors on a preferential basis to repay debt, asking if financial markets create money out of thin air. This comes after cash-strapped Vodafone Idea said it will issue Rs 2,458 crore in preferential ...
Jun 15, 2024 · Uday Kotak, in a post on social media platform X (formerly Twitter), said that issuing equity to creditors is one way of repaying debt when a company is facing financial difficulty. If the stock is well-traded, the creditor can sell it in the market and get paid by investors.
4 days ago · The US-based short-selling firm Hindenburg made headlines last year for a hit piece against the Adani Group. On Monday (1st July 2024), Hindenburg said it used a fund created by Kotak Mahindra Bank to take a short position on Adani stocks. The development comes days after the short-selling firm received a 46-page ‘ show cause notice ’ from ...
Jun 14, 2024 · In retrospect, Uday Kotak’s decision to forge his path amid adversity was not merely a choice but a catalyst that propelled India’s financial evolution. His legacy transcends numbers on balance sheets; it epitomizes the indomitable spirit of entrepreneurship—a spirit that continues to redefine boundaries and inspire greatness.
4 days ago · அதானி விவகாரம்: செபிக்கு ஹிண்டன்பர்க் அளித்த காட்டமான பதில்...
Jun 10, 2024 · Kotak reminisced how the late billionaire had shown the rare ability of speaking out multiple times. Mumbai: Finance industry veteran Uday Kotak on Monday said most businessmen are cautious about ...
