UTI Mutual Fund (MF) has received the dues from Zee Learn (ZLL) after the fund house had side-pocketed the exposure to the Essel Group company last week.
In an exchange note, ZLL disclosed that the balance amount was paid to UTI MF by Zee Entertainment Enter-prises (ZEEL) and that “they were in the process of acquiring the non-convertible debentures (NCDs) subject to necessary paperwork and legal approvals.”