Essel Group pays Rs 4,450 Cr to lenders

Essel Group, an Indian conglomerate company, has paid Rs 4,450 crores to lenders according to Bloomberg Quint.

The Zee group promoters had earlier sold a stake in the Zee Entertainment Ltd. a month ago has now repaid as much as Rs 4,450 crore to lenders which includes mutual funds and non-bank finance companies, Bloomberg Quint reported citing sources.

According to the report, Mutual funds will get close to Rs 4,000 crore.

More details are awaited at the moment.

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