Zee-Invesco deal: Relief for mutual funds with high exposure to Essel Group
The Subhash Chandra-controlled Essel Group was given time till September to de-leverage or pare its debt pile of Rs 13,000 crore, of which Rs 7,000 crore is owned to mutual fund investors. The Group announced that the proceeds of the Zee Entertainment stake sale deal will be utilised to pay off its debt.01-08-2019