VERIFIEDET Finance·7 Jul 2026neutral

Kotak AMC, executives seek settlement in Essel Group debt dispute

AI Summary

·Kotak AMC and executives are seeking a settlement in a debt dispute related to the 2019 Essel liquidity crisis.
·The dispute involves six Kotak fixed maturity plans (FMPs) that invested in Essel Group's zero coupon non-convertible debentures (NCDs).
·A sharp fall in Zee Entertainment's share price triggered margin calls on pledged shares securing the debt.