The bank is likely to file for its offer document soon after the board clears the fundraising plan.
The bank's move to pick up a stake in Dish TV comes following an invocation of pledged shares to the tune of 445.3 mn in the firm, the lender said in a filing to the stock exchanges late on Friday.
Rana Kapoor's wife also charged with abetting crime
It's important to question the intermediary so that you know more about the product
Impact on FMP investors from 'standstill' pact with Essel group put fund house in scrutiny
Ambani had been called by the ED in connection with an ongoing money laundering case against YES Bank co-founder Rana Kapoor
Gill had the unenviable task of steering a troubled entity with legacy issues. But he could have been more proactive
Companies that failed to repay their loans to YES Bank include Dewan Housing Finance, Essel group, CG Power, the Anil Ambani group companies, and Videocon
The Essel Finance has a secured loan book of around Rs 145 crore comprising 1,100 customers, employs 40 and present in 10 cities, a statement from Adani Capital said
Punit Goenka, managing director and chief executive officer of ZEEL, will continue in his role, even as his remuneration is being reviewed by the board
10 promoters entered the billionaire list in 2019; Anil Ambani, Subhash Chandra among big names who left the club
The NCDs held by the fund house's schemes will mature in June, 2020
Analysts say the group is now largely left with cash guzzlers like Dish TV, Zee Media, Siti Networks, Shirpur Gold, and Essel Infraprojects
The fund house said Adilink's failure to repay was on account of "extension of originally anticipated timelines for the monetisation of road assets"
It is so very rare for Indian media businesses to grow out of their founding family's shadow, however, benevolent it may be
With this repayment, ICICI Prudential Mutual Fund's exposure to Essel Group has come down to nil
The company also has sizeable debt repayments in the near term
Will sell 16.5% stake and retain 5.9%; promoters to retain management control
Finding the right CEO fast, and expanding segments are key
Goenka, who is the elder son of Essel group promoter and Zee chairman Subhash Chandra, has been MD of the media firm since January 1, 2010.