Essel Group to raise USD 400 million to refinance debt

Essel Group is in talks with investors to raise USD 400 million in a structured credit transaction. The group will raise funds to refinance a part of the promoter debt which will mature over the next few quarters. The Essel Group had appointed Goldman Sachs Securities (India) Ltd as an investment banker and Lion Tree as an international strategic adviser to manage the Zee divestment. It expects the strategic review to be concluded by March-April, 2019.

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