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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
Stock markets can deliver years of zero returns, explains DSP Mutual Fund MD, CEO: Key takeaways for investors
Kalpen Parekh, MD and CEO at DSP Mutual Fund, shared an important insight in his post on social media platform X (formerly Twitter) that all markets can have long periods of zero returns.
Stock Market Highlights: Rs 12 Trillion Wiped Out Today As Sensex Crashes 2,400 Points - NDTV
Stock Market Highlights: Rs 12 Trillion Wiped Out Today As Sensex Crashes 2,400 PointsNDTVStock market crash erases Rs 11 lakh crore investors’ wealth! Sensex ends around 2,500 points down - topThe Times of IndiaIndian stock market: 10 key things that changed for market overnight - Gift Nifty, US-Iran war, gold rate to oil pricesMintWhy Indian Stock Market is FallingEquitymasterSensex ends 2,500 points lower: What's behind today's stock market crash?India TodaySensex Today | Nifty 50 | Stock Market Live Updates: Sensex crashes over 2,200 points in pre-opening sess...The Economic TimesSensex Today | Stock Market Highlights: Sensex crashes 2,500 pts, Nifty ends down 3.3% at 23,000; auto, banks lead routMoneycontrol.comInvestors lose Rs 9 lakh crore in 1 session. What caused stock market to tank?FirstpostSensex Today | Highlights: Markets crash to 11-month low; Nifty struggles around 23,000, Sensex plunges 2,500 pointsThe Financial Express