The fund houses have an outstanding of over Rs 11,000 crore from Essel Group.

Mutual fund officials said their outstanding debt is now worth Rs 2,300 crore.

Not everybody is going to come out of this alive, according to one of the analysts.

An Essel Group spokesperson confirmed the sale of ZEE shares by some of the lenders.

Some big players are willing to grant Essel promoters three more months to repay.

Some big MFs ready to give Essel promoters three more months to repay, others against it.

Essel group had told funds holding the pledged shares that it could offload a further 10 per cent in Zee to repay the balance.

The solar assets have long term Power Purchase Agreements (PPAs) with various state electricity distribution companies, Essel Group said.

The fund has been a financial investor in Zee since 2002 and currently owns a 7.7 per cent stake in the company.

Proceeds from the stake sale amount to 50-55 per cent of the money owed to MFs.

Promoters reject Comcast-led consortium’s offer. Zee Entertainment open to sell further 9%.

Zee 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...

The 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...

Indebted group is looking to sell operational solar portfolio to Adani for Rs 3,000 crore.

Last 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...

Investors will get maturity amount minus value of holding in Essel and balance when fund house recovers money.

As on December 31, 2018, promoters held 41.62 per cent stake in ZEEL.