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

“Lenders have extended support to the Group and its promoters,” the report said.

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

The brass of the Essel Group have been deliberating the pros and cons of both offers.

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...

Reliance Mutual may have unwound all the pledged shares of Zee after the sale.

The group cannot share any additional details at this stage due to confidentiality agreements, it added.

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

This is the first time investors in FMPs are not getting repaid in full on maturity.

According to reports, HDFC FMP 1168D MF scheme is extended by the company by 380 days.

Essel group stocks crashed up to 33 per cent on January 25, 2019 .

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

"It is a big worry for us in terms of the strength of governance," Franklin Templeton Investments India chief investment officer Anand Radh...

Essel group raised Rs 874.11 crore through sale of stake in Zee Entertainment.

The Aditya Birla Sun Life Mutual Fund is the biggest investor, with an exposure of Rs 2,936 cr.

At least 11 mutual funds have an exposure of Rs 6,600 cr to the Essel Group’s debt securities.

Zee Entertainment Enterprise Ltd (ZEEL), in a regulatory filing, said Nityank lnfrapower and Multiventures Ltd is an "independent company a...