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ZEE DEBT
Zee Entertainment shares crash 14% amid Subhash Chandra’s 99.97% loan haircut rowZee Entertainment shares crashed on Monday after the NCLT approved a repayment plan involving founder Subhash Chandra. The plan entails a r...- Bankers question role of RP in the Subhash Chandra case and how net worth was computedDissenting banks say unresolved pleas for a forensic audit and asset trailing to be conducted on Subhash Chandra's financials to probe how ...
- Zee founder Subhash Chandra's next move: An investment job in SwitzerlandSubhash Chandra plans a professional role with Swiss investment firms. He will use his remaining Rs 6.5 crore for a repayment plan. Credito...
- Union Bank, LIC Housing Fin, Canara Bank challenge NCLT nod to Subhash Chandra resolution planCanara Bank, Union Bank of India, and LIC Housing Finance will challenge a repayment plan. The National Company Law Tribunal approved the p...
- Zee's Subhash Chandra claims he has Rs 6.5 crore left, lives on rental income amid NCLT's 99.97% loan haircut rowSubhash Chandra has said Rs 6.5 crore remains with him and that he will have to pay the amount under the insolvency plan, while rental inco...
- India to pitch central bank digital currencies to BRICS partners at meetThe global grouping celebrates 20 years at the New Delhi summit on September 12-13. A high-level meeting would be held next week to thrash ...
- Zee Entertainment looks beyond TV, bets on sports, animation and VFX for growthZee Entertainment is investing in sports and animation to build new growth engines. The company is diversifying its portfolio to capture a ...
- Bank credit, deposits decline in fortnight ended August 15: RBI dataBanking sector saw deposits withdrawn and credit outstanding decrease in the fortnight. Banks are not renewing bulk deposits, opting for fo...
- 99.97% haircut? How the scissors worked in the Subhash Chandra caseNCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about ₹6.5 crore against ₹22,006.57 crore in admitted claim...
- How and why Zee founder Subhash Chandra's Rs 22,006 crore debt was chopped to just Rs 6.5 croreThe NCLT approved Subhash Chandra's insolvency plan, allowing a settlement of Rs 22,006 crore claims for Rs 6.25 crore. Dissenting lenders ...
- HDFC Bank, LIC Housing Finance to contest Zee resolutionHDFC Bank and LIC Housing Finance will challenge the NCLT ruling on the Zee Group debt settlement. The approved plan includes a small payme...
- NCLT Subhash Chandra Case: Rs 22,000 crore is not bank loan write-off, sources on orderThe National Company Law Tribunal approved a repayment plan for Essel Group founder Subhash Chandra. This plan does not signify banks writi...
- Korea’s leverage trap has an echo in IndiaIndian brokers are lending large sums to retail investors, creating systemic risk. Retail investors are borrowing heavily to buy stocks at ...
- Kotak AMC, executives seek settlement in Essel Group debt disputeThe case dates back to the 2019 Essel liquidity crisis, when a sharp fall in Zee Entertainment's share price triggered margin calls on pled...
- Essel Chief’s stake sale talk lifts ZEE stockEssel promoters will use the stake sale proceeds to repay a large portion of the debt.
- ZEE’s Q2 net up 7% on higher revenuesThe September-quarter performance reaffirms the fact that ZEE remains the most valued asset in the group.
- Zee investors to gain if promoters cut stake or divest non-core assetsZee has to make an immediate repayment of Rs 5,000 crore in the next six months.
- 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.
- 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.
- Kotak MF defends move to block FMP money on Zee woes, says it’s in investors’ interestKotak MF said there are seven other fund houses which are stuck in the Zee Group’s debt crisis.
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