Page 2 - Essel Group

Legal fight on anvil as Dish TV board rejects YES Bank's demand for EGM

YES Bank, which holds 26% stake of Dish TV, has sought to remove Rashmi Aggarwal, Bhagwan Das Narang, Shankar Aggarwal and Ashok Kurien from the board of Dish TV besides Jawahar Goel

Tech View: Zee Entertainment, Zee Learn & Zee Media can rally up to 30%

The Moving Average Convergence Divergence (MACD) has crossed the zero line almost after 2 years in Zee Learn stock

Zee founder Subhash Chandra settles 91.2% of debt with 43 lenders

About 88.3% of the amount has been paid, while the remaining 2.9% is in the process of being paid, he says

Dish TV promoter Jawahar Goel pledges shares to rescue Essel group

Subhash Chandra says committed to release pledge; won't happen at lower price

Dish TV may have to pay over Rs 185 crore in past dues: Sources

Their total dues and debt in the firm will now go up to Rs 2,500 crore, leaving them with no option but to raise liquidity, according to sources

Essel Group sells cruise line to Sant Chatwal co as Covid hits business

The Zee Group has exited its fledgeling cruise business and sold the cruise line brand Jalesh Cruises to Waterways Leisure for an undisclosed sum. Zee was running the business under Zen Cruises, which in fact was the India's general sales agent for Jalesh Cruises of Mauritius, according to a statement. Like hotels, airlines and cinemas, cruise shipping has also been shut since the coronavirus pandemic hit the world early February. On top of that, the Zee group has been facing liquidity problems at some of the group entities. Waterways Leisure is part of the US-based NRI Sant Chatwal-promoted Dreams Hotel Group. The deal also includes the sale of Jalesh's entire digital interface and technology backend, the software developed for customer acquisition, and the database of customers, travel agents and partner network. Waterways has also hired existing executives and employees of Zen and Jurgen Bailom will continue as the president & chief executive. Vijay Kher, country head of Drea

Subhash Chandra's net worth sinks below Rs 10 crore amid deluge of debt

Through a major restructuring, the group has been able to pay off over Rs 11,500 crore, albeit at a high cost.

Adani Green transfers newly acquired Essel solar assets to TOTAL JV

The JV company has completed this transfer of the assets at an enterprise valuation of Rs 1,632 crore

Delhi HC allows Franklin Templeton MF to sell pledged Essel shares

Essel group firms -- Cyquator Media, Direct Media and Khoobsurat Infra -- had appealed to the division bench after the single-bench of Delhi HC had declined any relief

$50 million loan spat: YES Bank plans to appeal against Essel order

YES Bank has Rs 8,000-crore exposure to Essel Group

YES Bank board may take a call on Monday to raise Rs 10,000 cr via FPO

The bank is likely to file for its offer document soon after the board clears the fundraising plan.

YES Bank acquires 24.19% stake in Dish TV through pledged shares

The bank's move to pick up a stake in Dish TV comes following an invocation of pledged shares to the tune of 445.3 mn in the firm, the lender said in a filing to the stock exchanges late on Friday.

Huge scam in YES Bank for many years, says Enforcement Directorate

Rana Kapoor's wife also charged with abetting crime

Only knowledge of the product can protect you against mis-selling

It's important to question the intermediary so that you know more about the product

To avoid Sebi action, HDFC AMC pays Rs 4 cr to settle Essel case

Impact on FMP investors from 'standstill' pact with Essel group put fund house in scrutiny

YES Bank fiasco: ED asks Anil Ambani to appear again on March 30

Ambani had been called by the ED in connection with an ongoing money laundering case against YES Bank co-founder Rana Kapoor

Newsmaker: Ravneet Gill and the big bet on the wrong bank

Gill had the unenviable task of steering a troubled entity with legacy issues. But he could have been more proactive

YES Bank stock crash and financial mess: How the crisis unfolded in 2 years

Companies that failed to repay their loans to YES Bank include Dewan Housing Finance, Essel group, CG Power, the Anil Ambani group companies, and Videocon

Essel Group's NBFC arm sells Rs 145-crore MSME loan book to Adani Capital

The Essel Finance has a secured loan book of around Rs 145 crore comprising 1,100 customers, employs 40 and present in 10 cities, a statement from Adani Capital said

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