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ESSEL DEBT DEADLINE
Want to repay debt in next three months: ZEE MD Punit GoenkaThe promoters of the Essel Group, which owns ZEE, have been selling assets to meet debt obligations.- Top mutual funds risk regulator wrath on Essel debt deadline pactShares of Zee Entertainment Enterprises Ltd. have steadied since hitting a 5-yr low Monday.
- MFs can’t enter into standstill pacts: Ajay TyagiComments come a day after Essel said some funds agreed to extend repayment deadline.
- Essel gets more time from mutual funds to repay loanThe fund houses have an outstanding of over Rs 11,000 crore from Essel Group.
- Some MFs may give more time to Essel promoters for repayment of loanMutual fund officials said their outstanding debt is now worth Rs 2,300 crore.
- Countdown on for India tycoons as debt dagger hangs over stocksNot everybody is going to come out of this alive, according to one of the analysts.
- MFs start dumping pledged ZEE shares as payment date nearsAn Essel Group spokesperson confirmed the sale of ZEE shares by some of the lenders.
- Zee Entertainment drops 10%, hits 5-year lowSome big players are willing to grant Essel promoters three more months to repay.
- MFs split over giving more time to EsselSome big MFs ready to give Essel promoters three more months to repay, others against it.
- Mutual funds likely to extend Essel Group's deadline for repaying remaining debtEssel group had told funds holding the pledged shares that it could offload a further 10 per cent in Zee to repay the balance.
- Adani Green Energy to buy 205 MW Solar assets of Essel Group for Rs 1,300 croreThe solar assets have long term Power Purchase Agreements (PPAs) with various state electricity distribution companies, Essel Group said.
- Zee promoters to sell 11% to Invesco OppenheimerThe fund has been a financial investor in Zee since 2002 and currently owns a 7.7 per cent stake in the company.
- Mutual funds may stake claim to Zee deal gainsProceeds from the stake sale amount to 50-55 per cent of the money owed to MFs.
- Zee promoters to sell 11% stake to Invesco Oppenheimer Fund for Rs 4,224 crorePromoters reject Comcast-led consortium’s offer. Zee Entertainment open to sell further 9%.
- Dish TV deal with Bharti Airtel, others hits roadblock over valuationZee Group promoters have pledged about 64% of their 35.79% stake in Zee Entertainment and almost 95% of their holding in Dish TV India to l...
- Singapore based First Degree to buy Essel para banksThe asset manager is likely to buy 100 percent equity in Essel Finance Business Loans Ltd and Essel Finance Home Loans Ltd. The deals are l...
- Essel Group in talks to sell solar assets, YO1 wellness centre in USIndebted group is looking to sell operational solar portfolio to Adani for Rs 3,000 crore.
- HDFC AMC receives two show cause notices from SEBI on FMPsLast month, HDFC Mutual Fund had informed investors it plans to extend the tenure for one of its FMPs coming up for maturity by another yea...
- Zee horror show: Mutual fund investors in 6 Kotak debt plans get a scareInvestors will get maturity amount minus value of holding in Essel and balance when fund house recovers money.
- Essel promoters open to selling over 50% of their stake in ZEEL, in talks with over 2 buyersAs on December 31, 2018, promoters held 41.62 per cent stake in ZEEL.
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