What may have forced CCD promoter Siddhartha to take the extreme step

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.

from Times of India https://ift.tt/2GAYdxG