Essel Group settled most of the conglomerate debt

Zee-Entertainment

ZEE group companies including Zee Entertainment Enterprises, Zee Media Corporation, Zee Learn and Siti Networks rose 1-5 percent in early trade on August 4 after parent company Essel Group settled most of the conglomerate debt.

In an open letter issued on August 3, chairman Subhash Chandra said that Essel Group has settled 91 percent of the debt pertaining to 43 lenders, and the remaining dues are in the process of being paid.

News Source:- Moneycontrol

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