Key Highlights :
1. Jugeshinder Robbie Singh took a jab at American billionaire investor Bill Ackman, who had been a fierce critic of Adani’s during the Hindenburg report controversy.
2. According to Ackman, the failure of SVB Financial could have a significant impact on the economy's long-term growth potential, as many venture capital-backed companies rely on the bank for loans and operating funds.
3. If private capital is unable to provide a solution, a government-backed bailout with high levels of dilution may be required.
4. However, the American investor emphasised that in any SVB Financial bailout, the protection of the bank's depositors must take precedence over that of its equity holders or management.
5. He contended that shareholders should not be protected from the risks they voluntarily accepted, and that poor risk management should not be rewarded.
6. Adani top official's counter attack.
We will send you a daily email with our latest content and headlines. You can opt out at any time by clicking the unsubscribe link in the email we send you.
Continue Reading at Source : hindustantimes