Page 4 - Essel Group

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

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 ...

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.

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

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

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

PM attends 90 years celebrations of Essel Group, speaks about family values

He launched two social initiatives - Sarthi and DSC Foundation

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