The Wadhawans are presently in jail after being arrested by the Central Bureau of Investigation (CBI), which is also probing the same case.
On Thursday, shares of ZEEL zoomed over 12% after Essel Group said it is planning to sell 16.5% stake in its flagship firm to meet its loan repayment obligations.
Shares of Zee Entertainment Enterprises on Thursday zoomed 18.5 percent after Essel Group said it is planning to sell 16.5 percent stake in its flagship firm to meet its loan repayment obligations
Amid liquidity crunch, DNA downs shutter on its print edition, to go fully digital; cites changing reader preference
Amidst the liquidity crunch the parent Zee Group faces and staggered closure, it's print venture, the Daily News & Analysis (DNA) on Wednesday said it is stopping print edition from Thursday and will go digital, citing changing reader preferences
Essel Group suffers setback as SEBI chief Ajay Tyagi questions extension given by lenders for debt repayment
The fund houses had an outstanding of over Rs 11,000 crore from Essel Group and had done the unprecedented in granting it more time to repay the debts.
Mutual fund houses grant more time to Essel Group for loan repayment; company makes some part payments to creditors
The fund houses had an outstanding of over Rs 11,000 crore from Essel Group and had done the unprecedented in granting it more time to repay even in the face of massive corrections in the share prices of ZEEL.
The shares of Zee Entertainment fell 22 percent in six days from Rs 350 on 13 September to Rs 272 on Monday.
Subhash Chandra-led Essel Group on Tuesday said it has part-completed its promoter stake sale in flagship Zee Entertainment Enterprises, and is working on more divestments to pay off the Rs 13,000 crore owed to lenders
Daily Bulletin: SC takes note of Unnao survivor's letter, CJI to hear matter today; UAPA bill to be tabled in RS; day's top stories
Here are today's top stories: CJI Ranjan Gogoi to hear case of Unnao rape survivor's letter to him, Ayodhya mediation panel to submit status report in SC today, and more
US fund Invesco pays 10% premium to pick 11% more in Zee for Rs 4,224 cr; group to lower debt to Rs 7,000 cr
The price being paid by Invesco, which is a financial investor already holding 7.74 percent in Zee for long, is around Rs 400 a share,
Investment income boosts HDFC AMC net 42% at Rs 292 cr in Q1; assets under management up at Rs 3.56 lakh cr
In anticipation of the earnings announced after the market hours, the HDFC AMC counter rallied 3.08 percent to Rs 1,994.30 on the BSE as against the 0.60 percent gains on the benchmark.
Appointment of former RBI deputy governor R Gandhi to Yes Bank board may be precautionary: Macquarie
Earlier this week, the Reserve Bank of India (RBI) appointed former Deputy Governor R Gandhi as an additional director to the board of Yes Bank
Regulator SEBI has issued show-cause notices to HDFC and Kotak Mahindra mutual fund houses seeking details about their investments in the debt instruments of Essel Group companies
Zee Entertainment Enterprises shares tumbled 9.72 percent to close at Rs 333.30 on the BSE. During the day, it dived 12.66 percent to Rs 322.45
No concerns over financial statements for FY19, board to consider results on 27 May: Zee Entertainment
Zee said it has been informed that "there are certain rumours floating in the market raising concerns about the audit of the financial statements of the company
The two-legged deal involves Blackstone buying 51% stake from promoter Ashok Goel Trust, which owns 57% in Essel Propack for Rs 2,157 crore
Mutual fund houses ask SEBI to give more time to Essel Group's promoters to rope in strategic investors
Essel Group has sealed a formal agreement with its lenders including mutual funds and NBFCs, to get time till September to de-leverage or pare its debt
Essel Group promoters open to selling over 50% of their stake in Zee Entertainment, in talks with over 2 buyers
As on 31 December, 2018, promoters held 41.62 percent stake in ZEEL Entertainment Enterprises Ltd
The investment would be done by subscribing 300 crore shares of face value of Rs 10 each issued by Dish Infra Services
Zee, DHFL, IL&FS crises exemplify poor corporate governance; 'big worry' for investors: Franklin Templeton
Franklin Templeton Investments India, which is the largest foreign fund house operating in the country, Tuesday said recent corporate events exposing the follies in governance are a "big worry" for investors