Sep 21, 2021 07:14 PM IST
As of the June quarter, the promoters hold 21.69 percent of Zee Learn and 14.72 percent in Zee Media Corporation, formerly known as Zee News.
- Apr 22, 2021 07:08 PM IST
Jawahar Goel, who is the brother of Essel Group promoter Subhash Chandra, now owns 30.37 percent shares in DTH entertainment service provider Dish TV
- May 27, 2020 01:04 PM IST
HDFC AMC had marked down Rs 120 crore due to the drop in share prices of ZEE and Dish TV, which were used as collateral by Essel group.
- Mar 12, 2020 02:36 PM IST
Earlier on December 05, 2019, the NCDs issues by Essel Infra Projects were valued based on a 50 percent haircut, as the bank loan facility of the issuer was downgraded to Default (D).
- Nov 26, 2019 08:15 PM IST
HDFC Mutual Fund received a total of Rs 167 crore while ICICI Prudential AMC received Rs 270 crore from Essel Group.
- Nov 21, 2019 12:05 PM IST
In September, Essel group had made a part payment to the tune of Rs 2,300 crore to some mutual funds when they sold a 11 percent stake
- Nov 20, 2019 08:56 PM IST
After the transaction, Essel's holding will come down to five percent in Zee, out of which encumbered holding will be 1.1 percent.
- Nov 20, 2019 05:26 PM IST
The stake sale will be to clear loan obligations to certain lenders of the group.
- Nov 11, 2019 09:13 PM IST
To build the book for the sale of pledged shares, Essel has hired JP Morgan and Citi.
- Oct 18, 2019 03:12 PM IST
A meeting with lenders is underway and the company has assured them that it has a ready buyer.
- Oct 16, 2019 07:01 PM IST
Essel Media, a subsidiary of Subhash Chandra's cash-strapped Essel Group, had a 10.71 percent stake in Zee Entertainment.
- Oct 06, 2019 03:43 PM IST
Zee's lenders have recovered nearly 50 percent of their outstanding dues, reports suggest
- Sep 26, 2019 02:56 PM IST
The move comes in the backdrop of Essel Group’s announcement on September 25 that its lenders have unanimously agreed to extend the repayment timeline, enabling it to optimise the value output from the sale of its assets
- Sep 25, 2019 11:30 AM IST
Sources told Moneycontrol that Essel Group has received a six months extension to repay dues from Aditya Birla Asset Management Company, HDFC AMC, Franklin Templeton AMC, and three others.
- Sep 10, 2019 02:58 PM IST
In July, Essel Group sold an 11 percent stake in ZEE Entertainment to Invesco Oppenheimer Developing Markets Fund in a deal worth Rs 4,224 crore.
- Aug 07, 2019 02:18 PM IST
Two of the prospective on-sale projects are already operative while two are under construction
- Jul 31, 2019 04:19 PM IST
The deal is likely to be sealed at 17 percent to 20 percent premium over the last six months’ average market value.
- Jun 22, 2019 06:11 PM IST
Most investors in close-ended debt schemes are corporate treasuries and institutions; retail investors have a negligible presence in closed debt schemes.
- Jun 17, 2019 11:55 PM IST
In 2016, Franklin Templeton India AMC had bought the troubled Jindal Steel and Power Ltd's debt securities from its debt schemes after these papers were downgraded twice earlier that year.
- Jun 08, 2019 02:38 PM IST
A side-pocketing is a diligent and tedious exercise. It needs segregation of illiquid and good assets, and two segment NAVs in the scheme till it is resolved.
- May 20, 2019 01:16 PM IST
Essel Group is facing a cash crunch and is looking to sell most of its assets to reduce debt on its books.
- May 15, 2019 01:24 PM IST
Withholding payment pending recovery of money in a closed-end, fixed tenured product such as FMP violates the spirit of the product itself.
- May 14, 2019 06:16 PM IST
Six fund houses chose a standstill agreement with Subhash Chandra promoted Essel group, for which the rescheduled repayment debt is now slated in September 2019.
- Apr 12, 2019 10:46 AM IST
Kotak MF said its exposure to Essel Group remained in six fixed maturity plans (FMPs) and in Kotak Credit Risk Fund to an extent of 0.37 percent of its assets under management.
- Apr 11, 2019 08:38 AM IST
Fund houses are caught in a trap of their own making