Essel Group has had a patchy history. The once-successful conglomerate which housed popular media businesses like ZEEL, Zee Media, Dish TV and Siti Networks, incurred debts to the extent of ₹16,000cr($2.1bn) by March 2019, out of which close to ₹11,000cr ($1.4bn) were owed to mutual fund houses and NBFCs.
This followed scorched-earth attempts by the Group to conduct several asset sales and clear these debts. Recently. The ex-promoter of the Group - Subhash Chandra - said that close to 91% of debts had ben cleared.
Find out what was behind the debacle of the company and where the pieces have landed so far. Head to the link below.
https://transfin.in/essel-groups-debt-overhang-two-years-and-counting
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