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  • After Zee & Dish TV, promoters set to face investor ire in Zee Learn, Zee Media now Sep 21, 2021 07:14 PM IST

    After Zee & Dish TV, promoters set to face investor ire in Zee Learn, Zee Media now

    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.

  • Jawahar Goel offers Dish TV shares to save Essel Group’s Subhash Chandra Apr 22, 2021 07:08 PM IST

    Jawahar Goel offers Dish TV shares to save Essel Group’s Subhash Chandra

    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

  • HDFC AMC marks down value of Essel Group NCDs by Rs 120 crore: Report May 27, 2020 01:04 PM IST

    HDFC AMC marks down value of Essel Group NCDs by Rs 120 crore: Report

    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.

  • Franklin MF marks down Reliance ADAG, Essel Group debt, NAVs of 5 schemes plummet Mar 12, 2020 02:36 PM IST

    Franklin MF marks down Reliance ADAG, Essel Group debt, NAVs of 5 schemes plummet

    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).

  • Essel Group clears NCD dues of ICICI Pru AMC; HDFC AMC gets partial repayment Nov 26, 2019 08:15 PM IST

    Essel Group clears NCD dues of ICICI Pru AMC; HDFC AMC gets partial repayment

    HDFC Mutual Fund received a total of Rs 167 crore while ICICI Prudential AMC received Rs 270 crore from Essel Group.

  • Essel Group stake sale in Zee: Will it release logjam for MFs? Nov 21, 2019 12:05 PM IST

    Essel Group stake sale in Zee: Will it release logjam for MFs?

    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

  • Essel Group to lose controlling stake in Zee Entertainment Nov 20, 2019 08:56 PM IST

    Essel Group to lose controlling stake in Zee Entertainment

    After the transaction, Essel's holding will come down to five percent in Zee, out of which encumbered holding will be 1.1 percent.

  • Essel Group to sell up to 16.5% stake in Zee Entertainment to financial investors: Report Nov 20, 2019 05:26 PM IST

    Essel Group to sell up to 16.5% stake in Zee Entertainment to financial investors: Report

    The stake sale will be to clear loan obligations to certain lenders of the group.

  • Essel Group to soon launch sale of Zee Entertainment shares pledged with lenders Nov 11, 2019 09:13 PM IST

    Essel Group to soon launch sale of Zee Entertainment shares pledged with lenders

    To build the book for the sale of pledged shares, Essel has hired JP Morgan and Citi.

  • Zee Entertainment ready for next tranche of stake sale: Report Oct 18, 2019 03:12 PM IST

    Zee Entertainment ready for next tranche of stake sale: Report

    A meeting with lenders is underway and the company has assured them that it has a ready buyer.

  • Stake sale in Zee: VTB Capital gets right to sell 10.71% held by Essel Media Oct 16, 2019 07:01 PM IST

    Stake sale in Zee: VTB Capital gets right to sell 10.71% held by Essel Media

    Essel Media, a subsidiary of Subhash Chandra's cash-strapped Essel Group, had a 10.71 percent stake in Zee Entertainment.

  • Over 90% of promoter stake in Zee Entertainment pledged: Punit Goenka Oct 06, 2019 03:43 PM IST

    Over 90% of promoter stake in Zee Entertainment pledged: Punit Goenka

    Zee's lenders have recovered nearly 50 percent of their outstanding dues, reports suggest

  • Essel Group repayment extension: SEBI says no provision to defer debt repayments by MFs Sep 26, 2019 02:56 PM IST

    Essel Group repayment extension: SEBI says no provision to defer debt repayments by MFs

    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

  • Essel Group lenders agree to extend payment timeline Sep 25, 2019 11:30 AM IST

    Essel Group lenders agree to extend payment timeline

    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.

  • Essel Group repays Rs 2,374cr to MFs from first-tranche of stake sale in ZEE: Report Sep 10, 2019 02:58 PM IST

    Essel Group repays Rs 2,374cr to MFs from first-tranche of stake sale in ZEE: Report

    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.

  • Essel Group may sell 4 toll road projects to NIIF for Rs 35cr, looks to repay debt by Sept Aug 07, 2019 02:18 PM IST

    Essel Group may sell 4 toll road projects to NIIF for Rs 35cr, looks to repay debt by Sept

    Two of the prospective on-sale projects are already operative while two are under construction

  • Zee promoter stake sale at advanced stage, identity of investor awaited: Report Jul 31, 2019 04:19 PM IST

    Zee promoter stake sale at advanced stage, identity of investor awaited: Report

    The deal is likely to be sealed at 17 percent to 20 percent premium over the last six months’ average market value.

  • Mutual funds wrap: HDFC AMC buyout of Essel debt — Appeasing corporate investors and debt issuers? Jun 22, 2019 06:11 PM IST

    Mutual funds wrap: HDFC AMC buyout of Essel debt — Appeasing corporate investors and debt issuers?

    Most investors in close-ended debt schemes are corporate treasuries and institutions; retail investors have a negligible presence in closed debt schemes.

  • HDFC fund house to absorb FMP bond losses on Essel Group Jun 17, 2019 11:55 PM IST

    HDFC fund house to absorb FMP bond losses on Essel Group

    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.

  • Analysis | Mutual funds avoid side-pocketing despite SEBI’s approval Jun 08, 2019 02:38 PM IST

    Analysis | Mutual funds avoid side-pocketing despite SEBI’s approval

    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.

  • Essel Mutual Fund's CIO Viral Berawala resigns; Saravana Kumar to take over May 20, 2019 01:16 PM IST

    Essel Mutual Fund's CIO Viral Berawala resigns; Saravana Kumar to take over

    Essel Group is facing a cash crunch and is looking to sell most of its assets to reduce debt on its books.

  • Policy | In whose best interests did mutual funds act - investor or borrower? May 15, 2019 01:24 PM IST

    Policy | In whose best interests did mutual funds act - investor or borrower?

    Withholding payment pending recovery of money in a closed-end, fixed tenured product such as FMP violates the spirit of the product itself.

  • Why Reliance MF exited Essel Group while other MFs are standing still May 14, 2019 06:16 PM IST

    Why Reliance MF exited Essel Group while other MFs are standing still

    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.

  • Kotak MF works with Essel Group for 'optimal recovery' of dues Apr 12, 2019 10:46 AM IST

    Kotak MF works with Essel Group for 'optimal recovery' of dues

    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.

  • Opinion | The risk in Fixed Maturity Plans is now out in the open Apr 11, 2019 08:38 AM IST

    Opinion | The risk in Fixed Maturity Plans is now out in the open

    Fund houses are caught in a trap of their own making

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