Kotak-backed fund's bet on stressed asset is boon for debt cleanup

Kotak-backed fund's bet on stressed asset is boon for debt cleanup

Uday Kotak. Photographer: Simon Dawson/Bloomberg

An asset manager backed by Asia’s richest banker has finally invested in a stressed Indian asset, in a positive sign for the broader push to clean up the nation’s massive pile of bad debt.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter