Page 3 - Essel Group

Punit Goenka to remain Zee Entertainment chief, remuneration to be reviewed

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

Relaxo's Dua to PI's Singhal, 2019 billionaire club has 10 new entrants

10 promoters entered the billionaire list in 2019; Anil Ambani, Subhash Chandra among big names who left the club

Franklin MF takes 50% haircut on exposure to Essel group-backed firm

The NCDs held by the fund house's schemes will mature in June, 2020

Cash cows sold, cash guzzlers remain: Rocky ride ahead for Chandra's Essel

Analysts say the group is now largely left with cash guzzlers like Dish TV, Zee Media, Siti Networks, Shirpur Gold, and Essel Infraprojects

Aditya Birla Sun Life MF side-pockets exposure to Essel Group company

The fund house said Adilink's failure to repay was on account of "extension of originally anticipated timelines for the monetisation of road assets"

Chandra's exit from Zee is an example of how to handle crisis with dignity

It is so very rare for Indian media businesses to grow out of their founding family's shadow, however, benevolent it may be

ICICI Pru MF, HDFC MF receive payments from Essel Group; exposure reduced

With this repayment, ICICI Prudential Mutual Fund's exposure to Essel Group has come down to nil

CARE downgrades Dish TV's short term ratings on weak liquidity position

The company also has sizeable debt repayments in the near term

Subhash Chandra to sell 16.5% stake in Zee, become minority shareholder

Will sell 16.5% stake and retain 5.9%; promoters to retain management control

Hire hard, manage easy: Essel Propack's Blackstone makeover starts

Finding the right CEO fast, and expanding segments are key

Punit Goenka to remain Zee's MD as lenders prepare for share sale

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.

'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