News From Press MFs start dumping pledged ZEE shares as payment date nears

MFs start dumping pledged ZEE shares as payment date nears

An Essel Group spokesperson confirmed the sale of ZEE shares by some of the lenders.

Economic Times Sep 25, 2019

Mutual funds have started selling pledged shares of Zee Entertainment Enterprises (ZEE), rejecting the promoter’s plea for an extension of the repayment deadline. ZEE shares slumped 10 per cent on Monday to close at Rs 272 despite a stellar broader market rally as SBI Funds Management sold shares worth Rs 200 crore. Funds like ICICI Prudential and Kotak Asset Management are also believed to be on the verge of offloading the shares ahead of the repayment deadline of September 30.

Click here to read more>>

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

I have Rs 12 lakh in surplus. Should I prepay my home loan or invest for monthly income of Rs 25-30k?

Making the most of day care claims in health insurance

Term insurance: A delay in buying can cost you dearly

MF Investment: Manage high valuations and market volatility with Hybrid Mutual Funds

NRIs struggle with new mutual fund KYC rules: 3 reasons making MF investments difficult for them now

IPL 2024: 6 crucial financial lessons to learn

Hindu New Year 2024: Secure your future with 9 financial planning rules

SEBI releases framework for supervision of research analysts, investment advisers

Personal Finance: Can arbitrage funds continue their bull run?

Health Insurance Claim: 43% policyholders faced difficulties, some had to wait an extra day at hospital, survey

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

Help me get clients of other distributors who are underserved

Lead to poaching of clients

No significant effect on my business

EVENTS FORUMS