Evercore may end decade-old tie-up with billionaire Uday Kotak’s unit, sources say

The US company is weighing opening its own office in the country in order to free itself from the restrictions of its deal with Kotak Mahindra Capital Co., the people said, asking not to be identified as the information is not public. Evercore partnered with Kotak in 2011, constraining it from working with anyone else to provide M&A advisory services on cross-border transactions between clients in India and the US, the UK and Mexico.

from Banking/Finance-Industry-Economic Times https://ift.tt/QABhmNd