News From Press HDFC Mutual Fund, ICICI Prudential Mutual Fund get money back from Essel Group

HDFC Mutual Fund, ICICI Prudential Mutual Fund get money back from Essel Group

Source: The Economic Times Nov 27, 2019

HDFC Mutual Fund and ICICI Prudential Mutual Fund have said that they have got their repayments from the Essel Group. HDFC Asset Management Company has received Rs 167 crore and ICICI Prudential AMC has got Rs 270 crore as repayment and interest from the Essel Group.

"The company holds certain NCDs of the Essel Group that are secured by a pledge of listed equity shares. The carrying value of these NCDs as at September 30, 2019 was Rs 2,756.31 mm.

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