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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 Market Highlights, Sensex Today: Sensex Settles 261 Points Higher Amid Mixed Global Cues - NDTV
Stock Market Highlights, Sensex Today: Sensex Settles 261 Points Higher Amid Mixed Global CuesNDTVClosing Bell: Nifty above 24,250, Sensex gains 262 points led by IT, pharma, realtyMoneycontrol.comIndia shares higher at close of trade; Nifty 50 up 0.39%Investing.com IndiaNifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 3 Julylivemint.comTaking Stock: Market rally extends to third straight session; Nifty closes at 24,270, Sensex gains 262 ptsMoneycontrol.comStock Market Highlights, Jul 3: Sensex climbs 300 pts, Nifty above 24,200 as markets pare gains; IT stocks sustain rallyBusinessLineStock Market Today Highlights, July 2: Sensex settles 580 pts higher at 77,502.12; and Nifty 50 rises 0.71% to 24,175.70BusinessLineSensex today | Stock Market Highlights: Stock markets bounce back after two days of decline; Sensex jumps 444 pointsBusinessLineIndia stocks higher at close of trade; Nifty 50 up 0.39%Investing.com
Stock Market Today: Sensex, Nifty Extend Losses; IT Stocks Drag Markets Lower - APAC Media
Stock Market Today: Sensex, Nifty Extend Losses; IT Stocks Drag Markets LowerAPAC Media
Dalal Street Week Ahead: Nifty to test crucial 24,500 level; breakout may define next trend
Indian markets navigated a subdued week, ending with modest gains as Nifty hovered near a crucial resistance zone between 24,160 and 24,500. Technical indicators suggest caution, with a decisive move above this hurdle needed to fuel further upside. Investors are advised to maintain a selective approach, focusing on stock-specific opportunities while managing risk diligently. Pharma and Media sectors show relative strength, while Energy and IT lag.
Quick Wrap: Nifty Media Index rises 1.42%
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Stocks in news: Prime Focus, Groww, GIC RE, Wipro, Nykaa
Indian benchmark indices traded with a positive bias, with the Nifty consolidating near the 24,000 mark and closing near its day's high. Several companies, including Prime Focus, GIC RE, Wipro, Groww, and Nykaa, were in focus due to significant news developments. These ranged from regulatory approvals and successful acquisitions to strategic AI collaborations and expansion into international markets.
Sebi allows AIFs to retain liquidation proceeds beyond fund life
Markets regulator Sebi on Tuesday issued guidelines to permit Alternative Investment Funds (AIFs) to retain liquidation proceeds beyond their permissible fund life under specified circumstances. The regulator also introduced an 'Inoperative Fund' framework for wound-up funds with residual obligations. The move follows amendments to the Sebi (Alternative Investment Funds) Regulations on April 18 aimed at providing operational flexibility to AIFs during the winding-up process and surrender of registration. Under the new framework, AIFs or their schemes may retain liquidation proceeds beyond the liquidation or dissolution period if they have received litigation notices or regulatory demands, obtained consent from at least 75 per cent of investors by value for retaining funds against anticipated liabilities, or need to meet residual winding-up related operational expenses, Sebi said in its circular. The regulator said litigation-related communications could include notices from tax ...
Quick Wrap: Nifty Media Index rises 1.78%
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Zee Entertainment approves Rs 2,300 crore capital raise
Zee Entertainment Enterprises Ltd is raising at least Rs 2,300 crore. This capital will fund new business ventures and strategic plans. The company recently secured FIFA media rights until 2034. This move strengthens its balance sheet. Zee is also investing in digital platforms like Bullet and PhantomFX. The fundraising follows a challenging financial quarter for the broadcaster.
Quick Wrap: Nifty Media Index registers a drop of 2.36%
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