ADVERTISEMENT
‘My Opposition To Axis Bank Deal Reason For Ouster From Spandana,’ Says Padmaja Reddy
'Kedaara Capital ousted me owing to my opposition to Axis Bank deal,' says Spandana's Reddy.
08 Nov 2021, 03:08 PM IST
Padmaja Reddy has stepped down as the managing director of Spandana Sphoorty Financial Ltd., more than two decades after she founded the microfinance lender, over a dispute with its key investor Kedaara Capital.The argument stemmed from a proposed transaction with Axis Bank Ltd., which was considering taking over the assets of the 1998-founded Spandana Sphoorty.Kedaara Capital, according to BloombergQuint’s conversation with Reddy, b...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT