Posted inIndiaSouth Asia

India’s Essel Group claims pact with lenders, denies default

Essel Group, an Indian conglomerate with interests in media, packaging and infrastructure, claims that it has reached an understanding with its lenders over the servicing of its debt. It has also denied defaulting in the repayment of loans. The announcement had a soothing effect on its investors as the shares of its listed company Zee Entertainment Enterprises […]