Aditya Birla Sun Life MF gets Rs 840 cr for Zee shares

On November 26, HDFC Asset Management Company and ICICI Prudential Asset Management Company had said that they received repayment of NCDs from Subhash Chandra-led Essel Group.

Himadri Buch

November 27, 2019 / 16:02 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Aditya Birla Sun Life Mutual Fund has received Rs 840 crore from sale of shares of Zee Entertainment (ZEEL), an Essel Group company, the fund house told Moneycontrol.

"Pursuant to the sale of shareholding of Zee Entertainment, Aditya Birla Sun Life Mutual Fund has received repayment to the tune of Rs 840 crore comprising the principal amount and interest accrued," the fund house said in a statement to Moneycontrol.

On November 26, two fund houses - HDFC Asset Management Company and ICICI Prudential Asset Management Company - had said that they received repayment of non-convertible debentures (NCDs) from Subhash Chandra-led Essel Group.

HDFC Mutual Fund received a total of Rs 167 crore while ICICI Prudential AMC received Rs 267 crore.

Himadri Buch

first published: Nov 27, 2019 03:56 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347