Essel Group

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Essel Group - Total results - 53
Essel Group lenders seek personal guarantee for payment obligations from chairman Subhash Chandra
Business

Essel Group lenders seek personal guarantee for payment obligations from chairman Subhash Chandra

Aditya Birla Sun Life MF’s debt exposure in the form of loans against Zee group shares was to the tune of about Rs 2,700 crore

Essel promoter entities sell shares worth over Rs 1,050 cr in six listed firms over a week
Business

Essel promoter entities sell shares worth over Rs 1,050 cr in six listed firms over a week

Essel group's promoter entities have sold shares worth over Rs 1,050 crore in six listed group firms in the open market between 25 January and 1 February, 2019

Zee Entertainment stake sale process to be completed before April deadline; in talks with US firms: CEO Punit Goenka
Business

Zee Entertainment stake sale process to be completed before April deadline; in talks with US firms: CEO Punit Goenka

Goenka, in an interview, said that the controversy at parent Essel Group has in no way affected Zee's stake sale

Essel Group says formal consent from lenders secured to not declare default till 30 September
Business

Essel Group says formal consent from lenders secured to not declare default till 30 September

The consent was achieved during the second round of a detailed meeting between Essel Group Promoters and lending entities, the group said in a statement.

Essel Group gets time from lenders till September to clean its books, keep listed entities afloat
Business

Essel Group gets time from lenders till September to clean its books, keep listed entities afloat

Essel Group, which has high debt, defaulted on some of the payments, which led to the share pledge

Zee stake sale: Essel Group promoters get three-month window from lenders, creditors to find a buyer
Business

Zee stake sale: Essel Group promoters get three-month window from lenders, creditors to find a buyer

As of 31 December 2018, ZEE promoters owned 41.62 percent shares in the company of which 59.37 percent are pledged with lenders

Essel group denies link with Nityank lnfrapower over money laundering allegations
Business

Essel group denies link with Nityank lnfrapower over money laundering allegations

Zee Entertainment Enterprise Ltd (ZEEL), in a regulatory filing, said Nityank lnfrapower and Multiventures Ltd is an "independent company and does not belong to Essel Group"

Essel Group says lenders have agreed to not declare it defaulter in case of steep fall in sharp prices
Business

Essel Group says lenders have agreed to not declare it defaulter in case of steep fall in sharp prices

According to a statement from Essel Group, there will not be any event of default declared due to the steep fall in share price.

Subhash Chandra-run Essel plans to raise $400 m to refinance group's Mauritius holding firm
Business

Subhash Chandra-run Essel plans to raise $400 m to refinance group's Mauritius holding firm

In November 2018, Essel Group had said that it was planning to sell up to 50 percent of the promoters' equity in the group flagship media arm ZEEL to a strategic partner.

Essel Group's Zen Cruises eyes maiden sailing from April; charges to be around Rs 10,000 per day per person
Business

Essel Group's Zen Cruises eyes maiden sailing from April; charges to be around Rs 10,000 per day per person

Essel Group plans to get 2,50,000 guests, with 177 cruises in the first year, with main port being Mumbai.

Zee Entertainment may divest 20% in video on demand platform Zee5; to set up group of channels
Business

Zee Entertainment may divest 20% in video on demand platform Zee5; to set up group of channels

Zee is reportedly planning to set up a group of channels to attract new customers and take on its competitor in over-the-top media business Reliance Jio

Essel Group plans to divest up to 50% stake in Zee Entertainment; move to enhance 'global reach' , says CEO Punit Goenka
Business

Essel Group plans to divest up to 50% stake in Zee Entertainment; move to enhance 'global reach' , says CEO Punit Goenka

Essel Group's CEO and MD, Puneet Goenka said the decision to undertake a strategic review of the company's shareholding is aimed at maximising value for the business.

SoftBank arm Essel group to jointly develop 500-mw solar park; pact to help Masayoshi Son firm expand portfolio in India
Business

SoftBank arm Essel group to jointly develop 500-mw solar park; pact to help Masayoshi Son firm expand portfolio in India

In May this year, SoftBank Group had partnered with the now crippled infrastructure conglomerate IL&FS to develop over 20 gw solar capacity in the country by 2025.

Subhash Chandra-led Essel Group now wants to try its hands in cruise shipping; lines up $2 billion investment
Business

Subhash Chandra-led Essel Group now wants to try its hands in cruise shipping; lines up $2 billion investment

Essel Group's upcoming cruise business will be handled by a company called Zen Cruises Pvt Ltd

Delhi HC exempts Arvind Kejriwal from personal appearance in criminal defamation case
India

Delhi HC exempts Arvind Kejriwal from personal appearance in criminal defamation case

The Delhi High Court on Thursday exempted Chief Minister Arvind Kejriwal from personal appearance before a trial court.

Narendra Modi says social entrepreneurs can benefit from Swachh Bharat programme
India

Narendra Modi says social entrepreneurs can benefit from Swachh Bharat programme

Prime Minister Narendra Modi on Sunday said social entrepreneurs can benefit from Swachh Bharat programme as it has huge business element, while stressing on the need to convert waste into wealth.

Zee Media to launch English news broadcast, appoints Rohit Gandhi as editor-in-chief
Business

Zee Media to launch English news broadcast, appoints Rohit Gandhi as editor-in-chief

Gandhi has over 23 years of experience and has worked with various news organisations, including CBC, CNN, BCTV & Global TV and NDTV, the company said.

Indian players and administrators not too worried about rebel cricket league
First Cricket News

Indian players and administrators not too worried about rebel cricket league

Recent reports that billionaire businessman Subhash Chandra is planning to set up a rival cricket system seems far-fetched to most who follow cricket in India

ICC investigate company registrations amid fears of Essel Group splitting world cricket
First Cricket News

ICC investigate company registrations amid fears of Essel Group splitting world cricket

The ICC confirmed it was investigating the registration of company names which it regarded as of "concern to the sport of cricket" as reports of a rebel organisation which might split the game continued to emerge on Friday.

Pakistan players involved in ICL question credibility of Essel Group
First Cricket News

Pakistan players involved in ICL question credibility of Essel Group

"The fact of the matter is that till today the Essel Group which was behind the ICL owes Pakistan players and officials around two million dollars," one player told PTI.