Essel Group

Zee Entertainment shares zoom 18.5 per cent on promoters stake sale

In September, the group had sold 11 per cent in ZEEL to Invesco-Oppenheimer fund for over Rs 4,224 crore and then retired debt worth Rs 4,000 crore.

published on : 21st November 2019

Subash Chandra to cede control of Zee Entertainment as Essel group plans to sell stake

Zee, considered to be the pioneer of television entertainment industry in India, was launched by Subhash Chandra in 1992.

published on : 21st November 2019

Losses force DNA newspaper to close print edition, paper to go digital now

The 2005-founded morninger will close down its print editions in the financial capital and Ahmedabad and retain only the digital media operations.

published on : 10th October 2019

Essel Group chairman Subhash Chandra at Mumbai home: Son Punit Goenka

Amid rumours doing rounds about Chandra leaving the country, Goenka on Sunday took to Twitter to clarify that his father is in Mumbai.

published on : 30th September 2019

Essel Group gets more time to pay back loans to mutual fund houses

 Subhash Chandra-led Essel Group has secured an extension in the time granted to pay back loans borrowed from several mutual fund houses.

published on : 26th September 2019

Essel Group finishes first tranche of Zee Entertainment stake sale

DEBT-ridden Essel Group said on Tuesday that it has completed the first tranche of a 11 per cent stake sale in its flagship Zee Entertainment Enterprises Ltd (ZEEL).

published on : 11th September 2019

ZEE stake sale done, but Essel needs more 

While it has got Rs 4,224 crore from the sale, the rest of the money needed to meet its Rs 11,000 crore debt obligation still needs to be raised.

published on : 4th August 2019

Essel sells 11 per cent promoter stakes in flagship firm ZEEL for Rs 4,224 crore

The group had arrived at a standstill agreement with creditors in February, under which the promoters gained eight months to repay debt.

published on : 1st August 2019