Page 4 - Essel Group Zee Entertainment

ZEEL hits over 6-yr low after Essel Media pledges 11% equity with VTB Cap

A little over 90 per cent of the promoters' 22 per cent shareholding in ZEE is pledged with financial institutions, the management said during an investors' call

Essel Group shares tumble; ZEE tanks 12%, Dish TV hits over 10-year low

Investors' sentiment dented after reports suggested that the court order could impact the group's future monetisation plans in Zee Entertainment.

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

Zee Entertainment slips 25% in seven days, trades near 52-week low

The stock was trading at its lowest level since January 25, 2019 and was 5 per cent away from its 52-week low of Rs 289 touched on the same day.

No immediate relief in sight for Zee Entertainment, stock falls over 4%

Stake sale meets only 38% of outstanding loans of promoter group

Zee Entertainment slips over 3% after Invesco Oppenheimer buys 11% stake

The deal, at Rs 400 per share, values Zee at a premium of 10.6 per cent over the current market price and will be used to pay off part of the promoter-level debt.