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The Four Mutual Funds That Retain Faith In Subhash Chandra’s Essel Group
Four mutual funds still hold more than Rs 1,700-crore worth of Essel Group’s debt secured by shares of group companies.
25 Sep 2019, 09:55 AM IST
Four asset managers continue to own Essel Group’s debt backed by shares of Zee Entertainment Enterprises Ltd. after agreeing to give the promoters of the broadcaster up to six more months to repay.Aditya Birla Sun Life Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund and Franklin Templeton Mutual Fund together have close to Rs 1,735 crore worth of exposure secured by shares of Zee companies, according data provided by indu...
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