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.
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...
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.
As a Subscriber you get
Access to
Stories
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
Stories
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