Business »  Topic »  Yes Bank moves to Bombay HC to restrain promoters of Zee from further stake sale

Yes Bank moves to Bombay HC to restrain promoters of Zee from further stake sale


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 ...


Read the full text Times Now - ET Now