Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Kotak AMC, executives seek settlement in Essel Group debt dispute
The case dates back to the 2019 Essel liquidity crisis, when a sharp fall in Zee Entertainment's share price triggered margin calls on pledged shares securing debt held by six Kotak fixed maturity plans (FMPs). The case relates to Kotak Mutual Fund's six close-ended debt schemes (FMPs), which had invested in zero coupon non-convertible debentures (NCDs) issued by Konti Infrapower & Multiventures and Edison Utility Works, part of the Essel Group, the promoter group of Zee Entertainment Enterprises.
Kotak AMC, executives seek settlement in Essel Group debt dispute
The case dates back to the 2019 Essel liquidity crisis, when a sharp fall in Zee Entertainment's share price triggered margin calls on pledged shares securing debt held by six Kotak fixed maturity plans (FMPs). The case relates to Kotak Mutual Fund's six close-ended debt schemes (FMPs), which had invested in zero coupon non-convertible debentures (NCDs) issued by Konti Infrapower & Multiventures and Edison Utility Works, part of the Essel Group, the promoter group of Zee Entertainment Enterprises.
ICICI Prudential Mutual Fund reduces stake in Entertainment Network India Ltd by over 2% - scanx.trade
ICICI Prudential Mutual Fund reduces stake in Entertainment Network India Ltd by over 2%scanx.trade
Angel One settles SEBI case with ₹4.28 crore payment
Angel One has settled a securities law violation case with Sebi. The company paid ₹4.28 crore to resolve allegations of supervisory lapses. These lapses involved two authorised persons. Sebi alleged Angel One failed to monitor their activities adequately. This included identifying unauthorised fund collection and improper social media promotions.
Zee Entertainment shares rise 4% as board approves ₹2,300 crore fundraise
The ₹2,300 crore fund will be raised in one or more phases/tranches to boost the strategic and business initiatives. Further, the board decided to deliberate further on options for raising funds