HDFC Mutual Fund marks down Essel Group’s NCDs by Rs 120 crore

With the share prices of Zee Enterprises and Dish TV — which Essel had put up with lenders as collateral — falling, HDFC has marked down Rs 120 crore out of the Rs 149 crore that Essel has to repay, said a person familiar with the matter.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2XCvu39