Essel Group
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Essel Group suffers setback as SEBI chief Ajay Tyagi questions extension given by lenders for debt repayment
Fp Staff •The fund houses had an outstanding of over Rs 11,000 crore from Essel Group and had done the unprecedented in granting it more time to repay the debts.
Mutual fund houses grant more time to Essel Group for loan repayment; company makes some part payments to creditors
•The fund houses had an outstanding of over Rs 11,000 crore from Essel Group and had done the unprecedented in granting it more time to repay even in the face of massive corrections in the share prices of ZEEL.
Zee Entertainment continues to fall for straight sixth day, plunges nearly 10% to five-year low
Fp Staff •The shares of Zee Entertainment fell 22 percent in six days from Rs 350 on 13 September to Rs 272 on Monday.
Essel group completes first tranche of stake sale in ZEEL, will divest more to meet MF commitments
•Subhash Chandra-led Essel Group on Tuesday said it has part-completed its promoter stake sale in flagship Zee Entertainment Enterprises, and is working on more divestments to pay off the Rs 13,000 crore owed to lenders
Daily Bulletin: SC takes note of Unnao survivor's letter, CJI to hear matter today; UAPA bill to be tabled in RS; day's top stories
Fp Staff •Here are today's top stories: CJI Ranjan Gogoi to hear case of Unnao rape survivor's letter to him, Ayodhya mediation panel to submit status report in SC today, and more
US fund Invesco pays 10% premium to pick 11% more in Zee for Rs 4,224 cr; group to lower debt to Rs 7,000 cr
•The price being paid by Invesco, which is a financial investor already holding 7.74 percent in Zee for long, is around Rs 400 a share,
Investment income boosts HDFC AMC net 42% at Rs 292 cr in Q1; assets under management up at Rs 3.56 lakh cr
•In anticipation of the earnings announced after the market hours, the HDFC AMC counter rallied 3.08 percent to Rs 1,994.30 on the BSE as against the 0.60 percent gains on the benchmark.
Appointment of former RBI deputy governor R Gandhi to Yes Bank board may be precautionary: Macquarie
•Earlier this week, the Reserve Bank of India (RBI) appointed former Deputy Governor R Gandhi as an additional director to the board of Yes Bank
SEBI issues show-cause notices to HDFC, Kotak mutual funds on Essel Group exposure
•Regulator SEBI has issued show-cause notices to HDFC and Kotak Mahindra mutual fund houses seeking details about their investments in the debt instruments of Essel Group companies
Zee Entertainment shares plummet 10% amid concerns over stake sale by promoters
•Zee Entertainment Enterprises shares tumbled 9.72 percent to close at Rs 333.30 on the BSE. During the day, it dived 12.66 percent to Rs 322.45