Subash Chandra’s Zee entertainment Enterprise (ZEE) had explained that the organisers’ agreement remains unchanged for the lenders.
The Essel Group addressed the media when they asked about moratorium that they are not seeking any consent from SEBI.
ZEE also communicated that there was no whereabouts of any mutual fund company or from SEBI.
Subash Chandra’s Zee Entertainment Enterprise (ZEE) had explained that the organisers’ agreement remains unchanged for the lenders.
No permission is to be taken from market regulator SEBI (Securities of Exchange Board of India).
The Essel Group addressed the media when they asked about moratorium that they are not seeking any consent from SEBI.
ZEE also communicated that there was no whereabouts of any mutual fund company or from SEBI.
The company also asserted, As communicated on February 3, the lenders have agreed that there will not be any event of default declared, due to the movement in the stock price of Essel Group’s listed corporate entities, giving Essel Group the required level of time to complete the strategic sale process of its key assets without any compromise on the value” and the agreed upon arrangement does not require any change.
Punit Goenka, MD and CEO of ZEE had mentioned in an interview with ET that the process of strategic sales is doing fine, and he is in direct contact with prospective shareholders.
