YES asks court to restrain Zee stake sale
Mumbai, July 1 -- Almost a year after promoters of debt-ridden Zee Entertainment Enterprises Ltd (ZEEL) sold 11% stake in the company, YES Bank Ltd has moved the Mumbai High Court, asking it to prevent them from selling any more stake, and stop Zee promoter Punit Goenka from leaving India. Essel group, which includes ZEEL, owes as much as 8000 crore to YES Bank, which itself is in the middle of a complicated rescue....
To read the full article or to get the complete feed from this publication, please
Contact Us.