According to a Yes Bank petition, Zee group company Living Entertainment Ltd (LEL) had borrowed $50 million from Yes Bank in 2016 to buy shares in its own unit Veria International.
- Essel group, which includes ZEEL, owes Rs 8,000 crore to Yes Bank, which itself is in the middle of a rescue plan
- The bank has also asked Bombay high court to stop Punit Goenka from leaving India
New Delhi: Yes Bank has moved the Bombay high court to restrain controlling shareholders of Zee Entertainment from selling more stake in the company and stopping managing director Punit Goenka from ...
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