Page 3 - Essel Group

'Sitting ducks': $63 bn of zombie buildings sound alarm for Indian banks

As lenders stop new credit, builders are forced to offload properties

Essel group promoters plan to sell non-media assets to repay debt

The move comes with the promoters getting the much-needed extension of up to six months to pay their dues from most of the mutual funds

Extending debt instrument maturity is like default: Sebi circular

Essel Group announces MFs have granted it more time to repay dues

Mutual funds grant more time to Essel Group for repayment of loan

The fund houses had an outstanding of over Rs 11,000 crore from Essel Group

Hope floats for Essel Group, may get more time to repay Rs 7,000 crore debt

Subhash Chandra-led group is fighting to avert a crisis as selling pressure on the Zee stock continues

Essel Group promoters may get six months to repay Rs 3,000 crore debt

Sources said MFs and other lenders might allow an extension to the repayment deadline if the promoters were able to clearly demonstrate that the balance payments would be cleared soon

MFs get first lot of dues from Essel on 8.7% Zee Entertainment stake sale

As part of the 'standstill' agreement with MFs and other creditors, Essel promoters have till September-end to clear remaining dues

Adani Green surges 10% as it inks pact with Essel Infra to buy solar assets

The company announced it will acquire Essel Infra's 205 megawatt (Mw) of solar assets for Rs 1,300 crore.

Top 10 biz headlines: Firms may get tax relief, fresh DHFL default & more

From DTC task force recommending slashing of corporate tax to 25% for domestic and foreign firms to DHFL defaulting on financial repayment obligations, here are the top business headlines for Tuesday

Zee's search for a partner

It has neither got the money nor a strategic investor. Zee's disappointing deal with Invesco, however, could be a precursor to a better strategic foray

MFs' Essel group exposure likely to fall by 30-50% after Zee stake sale

Zee stake sale to Oppenheimer would benefit MFs holding the firm's shares as collateral

Invesco Oppenheimer buys 11% of Essel group's stake in ZEEL for Rs 4224 cr

After the additional stake buy, the fund's shareholding in ZEEL will rise to 19 per cent, while the promoters' stake will come down to 25 per cent

Flipkart co-founder Sachin Bansal in talks to buy Essel's mutual fund arm

After quitting Flipkart, Bansal has set up BAC Acquisitions (BACQ), which has started to look for investment opportunities in the banking, financial services and insurance (BFSI) space

Essel group's plan to acquire 62% stake in LKP Finance dealt a blow

Essel has made payment for the 24 per cent it acquired during the open offer, but has not been able to pick up the promoters' stake in LKP Finance

HDFC MF takes Rs 500 crore of Essel group exposures on its books

Investors of FMPs maturing before expiry of 'standstill' agreement allowed to exit.

Essel Group's high-yield papers attract MFs as inflows push up demand

Fund houses have exposure of Rs 8,002 crore to such securities in the company

Essel group companies' shares fall 2-10%; Reliance Mutual Fund exits

Sources said Reliance MF had decided to stay away from the 'standstill' agreement with Essel group promoters

Promoter stake slips in Essel group, Anil Ambani firms in March quarter

According to exchange disclosures, the promoter group entities sold Rs 1,796 crore worth of shares in the listed Essel entities during the March quarter

Delays in construction cast a shadow over Essel's STP project in Varanasi

Varanasi STP Project Private Limited (VSPPL), which is 74 per cent owned by Essel Infraprojects (EIPL), is developing a sewage treatment plant at Ramana in Varanasi

Essel Finance signs MoU with Srei for sale of mutual fund business

Srei already runs an infrastructure debt fund, which invests in infrastructure-related projects