News From Press Some mutual funds may give more time to Essel promoters for repayment of loan

Some mutual funds may give more time to Essel promoters for repayment of loan

Mutual fund officials said their outstanding debt is now worth Rs 2,300 crore.

Economic Times Sep 26, 2019

HDFC Asset Management, Franklin Templeton and Birla Sun Life Mutual Fund are likely to give more time to the promoters of Essel Group to repay outstanding loans as they believe the current price of the Zee EntertainmentNSE -1.99 % Enterprises (ZEE) stock makes it unattractive for the owners to sell and pay back investors, two people aware of the development told ET.

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