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
The Moving Average Convergence Divergence (MACD) has crossed the zero line almost after 2 years in Zee Learn stock
About 88.3% of the amount has been paid, while the remaining 2.9% is in the process of being paid, he says
Subhash Chandra says committed to release pledge; won't happen at lower price
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
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
Through a major restructuring, the group has been able to pay off over Rs 11,500 crore, albeit at a high cost.
The JV company has completed this transfer of the assets at an enterprise valuation of Rs 1,632 crore
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
YES Bank has Rs 8,000-crore exposure to Essel Group
The bank is likely to file for its offer document soon after the board clears the fundraising plan.
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.
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Ambani had been called by the ED in connection with an ongoing money laundering case against YES Bank co-founder Rana Kapoor
Gill had the unenviable task of steering a troubled entity with legacy issues. But he could have been more proactive
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
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, managing director and chief executive officer of ZEEL, will continue in his role, even as his remuneration is being reviewed by the board