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ZEE AND ESSEL GROUP
Zee appoints Tejkarran Singh Bajaj as Zee5 India business headZee Entertainment Enterprises Ltd (ZEEL) has appointed Tejkarran Singh Bajaj as Business Head for Zee5 India to bolster its digital busines...- Essel Chief’s stake sale talk lifts ZEE stockEssel promoters will use the stake sale proceeds to repay a large portion of the debt.
- Essel Group lenders agree to extend timelineZee’s stock declined 2.7 per cent to close at Rs 271.9 on the BSE Wednesday.
- MFs start dumping pledged ZEE shares as payment date nearsAn Essel Group spokesperson confirmed the sale of ZEE shares by some of the lenders.
- 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.
- ZEEL falls 3% after Chandra barred from selling unpledged sharesThe stock was trading at Rs 325, down about Rs 10 on BSE.
- Subhash Chandra can’t sell unpledged Zee SharesThe order restrains Chandra from selling shares of ZEE till October 16.
- Essel completes first tranche of ZEE stake sale to Invesco OppenheimerSells 8.7% stake in media company; says will complete balance sale in next few days
- Essel set to repay MFs Rs 2,600 crore this weekAbout 6 fund houses have an exposure of nearly Rs 6,300 cr with shares of Essel Group entities.
- 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.
- Reliance MF sells pledged ZEE shares worth Rs 410 croreReliance Mutual may have unwound all the pledged shares of Zee after the sale.
- Zee shares fall over 9% as stake sale process heightensShares of the company have been in the bearish territory since last Thursday, 2 May, 2019.
- Stake sales process of Zee at an advanced stage: Essel GroupThe group cannot share any additional details at this stage due to confidentiality agreements, it added.
- Debt mutual funds with Zee exposure send investors into a tizzyThis is the first time investors in FMPs are not getting repaid in full on maturity.
- List of FMPs exposure to Essel Group and IL&FS maturing in April and MayAccording to reports, HDFC FMP 1168D MF scheme is extended by the company by 380 days.
- Essel promoter entities sell shares worth over Rs 1,050 cr in 6 listed firmsEssel group raised Rs 874.11 crore through sale of stake in Zee Entertainment.
- Creditors give ZEE promoters three months to find a buyerAs of December 31, 2018, ZEE promoters owned 41.62 per cent in the company.
- Essel group denies link with Nityank lnfrapower over money laundering allegationsZee Entertainment Enterprise Ltd (ZEEL), in a regulatory filing, said Nityank lnfrapower and Multiventures Ltd is an "independent company a...
- Zee founder Subhash Chandra says sorry after stock market routThe wrong infrastructure bets had left the company with nonperforming assets, Subhash Chandra admitted.
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