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Edelweiss Group says slowdown is cyclical and led by liquidity

Wednesday, August 14, 2019, 9:13 PM

Financial services conglomerate Edelweiss Group on August 14 said that slowdown in the economy is cyclical and led by liquidity after it announced that US-based investment firm Kora Management will invest up to $125 million (Rs 875 crore) in it. In an interview to CNBC-TV18, Rashesh Shah, chairman and chief executive officer, said Kora Management will be the anchor investor in the advisory business.