26-April-2024
Corporate News
 
In lenders’ interest: VTB Capital secures right to monetise 10.71% stake in Zee Entertainment
15-Oct-2019

VTB Capital, representing a clutch of lenders to the Essel Group, on Monday said that it had secured the right to potentially monetise the 10.71% stake in Zee Entertainment Enterprises. Last week, VTB Capital had disclosed that the said stake in Zee was pledged with it against a loan facility entered in September 2017. On Monday, VTB Capital said that it had enforced certain security rights granted to lenders in order to protect their interests in accordance with the terms of the financing arrangement.

News Source:- https://www.financialexpress.com/industry/in-lenders-interest-vtb-capital-secures-right-to-monetise-10-71-stake-in-zee-entertainment/1735781/