ADVERTISEMENT
Rising Debt, Minimal Revenues – Yet Mutual Funds Funded These Essel Group Companies
Mutual funds continued to finance three Essel Group companies despite their worsening debt profile.
08 May 2019, 12:26 PM IST
In the last five years, key companies of the Subhash Chandra-promoted Essel Group doubled their debt thanks to the largesse of mutual funds. Even though they had no capacity to service it and had to borrow further to make interest payments. Now, they’ll be able to repay the debt only if and when they succeed in selling assets, ranging from road projects to a substantial stake in the group’s flagship listed company Zee Entertainment E...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT