Rising Debt, Minimal Revenues – Yet Mutual Funds Funded These Essel Group Companies
Indian two thousand rupee banknotes are arranged for a photograph in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg).  

Rising Debt, Minimal Revenues – Yet Mutual Funds Funded These Essel Group Companies

In the last five years, key companies of the Subhash Chandra-promoted Essel Group doubled their debt thanks to the largesse of mutual funds. Even though they had no capacity to service it and had t...
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