 "Rupee, Money, Mutual Funds")
Mutual funds (MFs) and non-banking financial companies have received a part of their dues from Essel Group. Among fund houses, ICICI MF, Aditya Birla Sun Life MF, HDFC MF, and Kotak MF have received payments from funds raised by the promoters’ stake sale in Zee Entertainment, said people in the know.
Industry sources added ICICI MF received Rs 435 crore, or 60 per cent, of its outstanding dues. Aditya Birla Sun Life MF received Rs 760 crore, or half of its dues. HDFC MF received Rs 580 crore of its dues, which brought its debt exposure to group firms down by
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