We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Tail risk

19 December 2018 By Una Galani

Uday Kotak is challenging a requirement to cut his stake in the $32 bln Kotak Bank to 20 pct. The lender can absorb penalties imposed on others, and the rule may be misplaced. Yet the standoff endangers Kotak’s governance reputation – and could leave a cloud over the shares, too.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)