Page 4 - Essel Group
Essel promoter entities sell shares worth over Rs 1,050 cr in 6 listed cos
Essel group's promoter entities have sold shares worth over Rs 1,050 crore in six listed group firms in the open market between January 25 and February 1, 2019. According to multiple regulatory filings by different promoter group entities of Essel group, shares of Zee Entertainment Enterprises, Dish TV, Zee Media Corporation, Siti Networks Ltd and Zee Learn were sold in open market. Essel group raised the largest amount of Rs 874.11 crore through sale of stake in its flagship firm Zee Entertainment Enterprises by its promoter entities Cyquator Media Services Pvt Ltd and Essel Corporate LLP selling 1.69 per cent and 0.85 per cent stake respectively between January 25 to February 1, 2019. Other promoter group firms World Crest Advisors LLP (0.86 per cent), Direct Media Distribution Ventures (0.80 per cent) and Veena Investments Pvt Ltd (0.35 per cent) sold shares worth Rs 97.34 crore in Dish TV during the period. In Zee Media Corporation, ARM Infra & Utilities Pvt Ltd (2.38 per ...
 "Essel promoter entities sell shares worth over Rs 1,050 cr in 6 listed cos")
Subhash Chandra's Essel group gets time till September to repay loans
Essel Group has significant debt on its books, taken by the Indian promoters for privately owned infrastructure firms
'Maintain patience': Inside Subhash Chandra's fight to keep empire afloat
Shares of Subhash Chandra's Essel Group tumble after a news website's reported his company was being probed by fraud investigators.
 "'Maintain patience': Inside Subhash Chandra's fight to keep empire afloat")
Essel Group may divest up to 50% of promoter share in Zee Entertainment
Essel has appointed Goldman Sachs Securities (India) Ltd as their investment banker
 "Essel Group may divest up to 50% of promoter share in Zee Entertainment")
Subhash Chandra-led Essel Group to launch cruise liner in November
According to industry estimates, close to 200,000 people took cruises in 2017 in India. Estimates peg that this year, this number could grow to 296,000
ZipGo raises Rs 2-billion funding from Subhash Chandra-led Essel Group
The investment is in line with Essel Infraprojects' foray into electric vehicle segment this year
 "ZipGo raises Rs 2-billion funding from Subhash Chandra-led Essel Group")
Essel Corporate to acquire 1.15% stake in Zee Entertainment for Rs 6.1 bn
Essel Corporate LLP will acquire 11 million shares from another promoter group entity Essel International
 "Essel Corporate to acquire 1.15% stake in Zee Entertainment for Rs 6.1 bn")
PM attends 90 years celebrations of Essel Group, speaks about family values
He launched two social initiatives - Sarthi and DSC Foundation
 "PM attends 90 years celebrations of Essel Group, speaks about family values")
Zee Learn Q3 net rises over two-fold to Rs 6.07 cr
The company had posted a net profit of Rs 2.27 crore in the third quarter of previous FY
 "Zee Learn Q3 net rises over two-fold to Rs 6.07 cr")
Essel Group's appetite for acquisitions is growing
Here's what Subhash Chandra's Rs 22,535-cr Essel Group is up to
 "Essel Group's appetite for acquisitions is growing")
Essel group buys out two highway projects of Patel Engineering, KNR
The total enterprise value of both assets is Rs 850 crore
 "Essel group buys out two highway projects of Patel Engineering, KNR")
Essel Group buys Peerless mutual fund
The group has forayed into the Rs 16 lakh-crore asset management space by acquiring Peerless fund management
 "Essel Group buys Peerless mutual fund")
Essel group to set up virtual network operation with BSNL
The company has expressed interest to deliver content it owns, to broadband and mobile user of BSNL
 "Essel group to set up virtual network operation with BSNL")
