A woman holds the loan she has received in the form of cash from a microfinance lender in Sadasivpet, India. (Photograph: Adeel Halim/Bloomberg)

Kotak Mahindra AMC’s Nilesh Shah Defends Failure To Fully Redeem Some FMPs

Nilesh Shah of Kotak Mahindra Asset Management Company said in seven of the eight fixed maturity plans which has debt-laden Essel Group—the controlling shareholders of the Zee Group of companies—in...