The Essel Group management on Sunday claimed it had reached an understanding with lenders and mutual funds, with which the promoters have pledged shares against advances.
“In view of the sensitive situation triggered due to the steep fall of the stock price of ZEE Entertainment EnterprisesNSE -26.61 % and Dish TVNSE -33.23 %, a detailed meeting of the Essel Group Promoters with the lending entities comprising of Mutual Funds, NBFCs and Banks was conducted, the company said in a press re .
