On June 18, HDFC Mutual Fund announced that with will buy Rs 500 crore worth of non-convertible debentures (NCDs) of the Essel Group from the debt schemes that have exposure to these securities. The fund house said it will repay investors in fixed maturity plans (FMPs) that hold Essel-issued securities and are due for maturity until September.
The move does remove uncertainty among investors who were concerned that they might not get back their entire investments, in case Essel Group f ..
