Did Uday Kotak take a subtle jab at Vodafone Idea? Banker asks if 'financial markets create money out of thin air'
Kotak Securities Chairperson Uday Kotak has slammed the system wherein companies allot shares to creditors on a preferential basis to repay debt, asking if financial markets create money out of thin air. This comes after cash-strapped Vodafone Idea said it …