ADVERTISEMENT
Essel Group Agreement With Lenders May Only Buy Them A Few More Months
A number of Essel Group entities to which mutual funds have exposure have debt maturing in 2019.
![For Limited Time Only. (Photographer: Hannelore Foerster/Bloomberg)](https://media.assettype.com/bloombergquint%2F2019-01%2F1cffa1a1-e864-4e64-a3bc-e1f5380145e9%2Fm649860.jpg?rect=0%2C352%2C3071%2C1727&auto=format%2Ccompress&w=200)
For Limited Time Only. (Photographer: Hannelore Foerster/Bloomberg)
Corporate debt investors just can’t seem to catch a break lately. The default by once AAA-rated Infrastructure Leasing and Financial Services. Fears over liquidity position of non-bank lenders. Defaults in ring-fenced operational infrastructure projects of IL&FS. And now the deterioration in the financial position of another large conglomerate—the Subhash Chandra-led Essel Group.Over the weekend, the Essel Group said that it had arri...
![](/images/white_gradient.png)
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
Access to
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Members-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Members-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
ADVERTISEMENT