VTB Group acquires rights to sell 10.71% stake in ZEEL to recover loan
Essel Media Venture had created pledge on 10.71 per cent stake in favour of VTB Capital in 2017.
ZEE Q2 profit may be hurt by muted ad revenue growth
Domestic advertisement is expected to be muted, up 3 per cent YoY.
Working with VTB to restructure debt after next tranche: ZEE MD Punit Goenka
The promoters of media company Zee Entertainment Enterprises (ZE...
Promoters now own just 22% of ZEE, says MD
A little over 90% of the promoters’ shareholding has been pledged, directly or indirectly, with domestic and international lender
Zee has been beating market on all metrics, results will show: Punit Goenka
Short-sellers are driving the market. Nobody is valuing the intrinsic value of the asset.
Want to repay debt in next three months: ZEE MD Punit Goenka
The promoters of the Essel Group, which owns ZEE, have been selling assets to meet debt obligations.
Essel Group lenders agree to extend timeline
Zee’s stock declined 2.7 per cent to close at Rs 271.9 on the BSE Wednesday.
Move to new tax regime in Q2 may dent SBI, BoB earnings: Emkay
The brokerage said main private sector banks may shift to the new tax regime.
Don’t go in all at once, but there are winners in these 2 sectors: Deepak Shenoy
It may be better to stick with companies with untarnished reputation, says Deepak Shenoy.
Top mutual funds risk regulator wrath on Essel debt deadline pact
Shares of Zee Entertainment Enterprises Ltd. have steadied since hitting a 5-yr low Monday.
Zee Entertainment gains 5% after lenders agree to extend timeline for Essel Group
“Lenders have extended support to the Group and its promoters,” the report said.
$63 billion of zombie buildings sound alarm for Indian banks
"The timing is very crucial as the slowdown has hit the real estate market quite hard. "
Essel gets more time from mutual funds to repay loan
The fund houses have an outstanding of over Rs 11,000 crore from Essel Group.
Mutual funds likely to extend Essel Group's deadline for repaying remaining debt
Essel group had told funds holding the pledged shares that it could offload a further 10 per cent in Zee to repay the balance.
MFs can’t enter into standstill pacts: Ajay Tyagi
Comments come a day after Essel said some funds agreed to extend repayment deadline.
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