‘No transparency in Axis deal’: Former Spandana Sphoorty MD Padmaja Reddy drops bombshells. Read full text of the tell-all letter
A week after submitting her resignation, Padmaja Reddy, founder and former managing director of Spandana Sphoorty Financial, has penned a letter revealing murky details of her tussle with private equity investor Kedaara Capital over a proposal to sell the company to Axis Bank. Reddy has alleged that there was no transparency whatsoever in how the Axis … Read more