Siddhartha's death: Debt may have been the last straw https://ift.tt/2OtRhIO - Walletnews For Me

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    Tuesday, July 30, 2019

    Home Business News: Latest News on Business Financial News India Business & World Business News Stock Markets Siddhartha's death: Debt may have been the last straw https://ift.tt/2OtRhIO

    Siddhartha's death: Debt may have been the last straw https://ift.tt/2OtRhIO

    A sharp spike in short-term loans to continue funding his business expansion over the past 12 months may have cost VG Siddhartha significantly, as the overall liquidity crunch in the financial system after the IL&FS crisis made it tough to get additional loans. Besides, failure of pushing through the sale of a real estate holding could have helped ease his situation.
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