India Orders Mutual Funds Not to Shield Stressed Companies
Securities and Exchange Board of India (SEBI) Chairman, Ajay Tyagi speaks during a press conference in Mumbai on Wednesday (Photographer: Mitesh Bhuvad/PTI)

India Orders Mutual Funds Not to Shield Stressed Companies

(Bloomberg) -- India’s market regulator prohibited mutual funds not to sign pacts with stressed companies that delay margin calls, because such deals hurt investors.
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