Zee Entertainment Enterprises Limited has informed the Exchange regarding 'Conference call on Feb 4 2019 at 8.30 am'.
Extraordinar y Together
February 4, 2019
SSE Limited National Stock Exchange of India Limited
Kind Attn: Manager - Corporate Relationsh ip
Dear Sir,
Sub: Conference Call on February 4 , 2019 Re : Scrip Code - BSE 505537 / NSE - ZEEL-EQ
Enclosed please find copy of an EsscJ Group press release dated February 3,2019, informing that Esscl Group had secured a formal consent with lenders having p ledge of Company's shares held by Promoters.
A conference call has been organised by the Company today at 8.30 AM to updatc and answer any questions investors or analysts may have in this regard. The details of the conference call are as mentioned herein:
Conference call details
Date: February 4,2019 Time : 8:30 AM (India Time); 11 :00 AM (HK Time) ; 3 :00 AM (UK Time) ; 10:00 PM (EST);
Dial-in details ·
Universal Acccss Numbers
International 1'011 - Free Numbers
International Toll Numbers
191 226280 1109 1-91 2271158010
11K Singapore UK USA HK Singapore UK USA
800964448 800 101204 5 0808101 1573 18667462 133 85230186877 6531575746 442034785524 13233868721
Enc!. As above
Zee Entertainment Enterprises Limited
Regd Office 18th Floor. A-Wing. Marathon Futurex, N M
,hl M.:ug. 'wer Parel, Mumbal 400013. India F ' 912223002107 CIN L92132MHI982PL<028767 I www.zeeen terta.nmen l.co m
P '912271061234
~ O H OVP
Essel Group achieves a formal consent with lenders
3,d February 2019, Mumbai : Multi-faceted business conglomerate Essel Group's management, today has
secured a formal consent with lenders, which are having a pledge on shares held by the promoters in ZEE
En tertainment Enterprises Ltd. and Dish TV India Ltd. In its official statement issued last week, dated 27'"
January 2019, the Group had earlier confirmed that an understanding with the lenders was achieved, and
the same has been finalized today. During the second round of a detailed meeting held between Essel
Group Promoters and lending entities, the belief and trust in the intrinsic value of the Group's assets and
its promoters' earnest intention towards complete repayment, was again showcased and reinforced by
all the lenders .
As per the consent, the lenders have agreed that there will not be any event of default declared till 30'"
September 2019, due to the movement in the stock price of Essel Group's mentioned listed corporate
entities. This consent provides the required amount of time for the Group's management, to complete
the strategic sale process of its key assets without any compromise on the value. During th e meeting, the
management of Essel Group once again reassured the lending entities, that within the mentioned time
frame a complete resolution will be achieved, leveraging the stake sale process . The lenders have
showcased complete co-operation and have agreed to support Essel Group's management, together as
one team .
Chairman of Essel Group, Shri . Subhash Chandra, speaking on this development said, "I am glad that the
formal consent with the lenders has been achieved. For us, while their assurance given last week itself
was more than enough, the formal consent seals and justifies their belief and tru st in us and the intrinsic
value of our assets. As one team, we are now positively focused on completing the strategic sale process,
with the esteemed support of our lenders. We thank them for their trust, patience and most above for
their complete co-operation extended, enabling us to ta ke the next steps toward s resolution".
The group of lenders, including MF & NBFCs, expressed their firm stance, to support the management of
Essel Group. Reaffirming their belief in the promoters' expertise, experience and earnest efforts towards
generating value for their stakeholders, the lenders were extremely confident that within the mentioned
time frame, a positive outcome will be achieved.
~ GMOVP
About fssel Groul':
Issc/ Group, (l multifacE-ted busi/1e~ '0/19Iolll('ral~, has a d;vuSI' busines:. preunce across MeJia fir Enlrrlainment . Pockoglllg. Rt.'al fSlute,
Infrastructure, £ductlllon, Finflnce, PrecIous m ete/ llo. Technology (IIId 'J'ollrism "eclor" fsscl Graul' hU$ (' rich legacy a/over 90 years o/innovation,
leadershIp. growlIt and Inms!omlll,g fhe worfd. wilh world .... ide operu/jolls and (1 workJorce of Dvt'r 50,000 tmployees. Wil h I/S arden' passion and a
ciCCI, and focused YI.~IOn, L"sc:llws nor ollfy built ancl expanded new businesst!s bUI has a/.~o buill CI formIdable and C'xemplary POSWOII In aI/these
busmc$5('s HI u shorl ~pan a/time. Today. file Es!)ei Group ltus grown to bC('Oflll' u strOllg d;vcrsifie{/ entily in I"d,u and ylobully with presellC'~ across 'n count,,~s.
for MedIa QlJr"~s, pfNJse contact;
Paray Daradl'
tmwl 8l!J1JJ.llw'll~lJ.'t ~J.! ~Qm I Pilont
'9' 98.wo 85872
Chandni Mathur
/!m{l/I Ch!lndm IDtl t bIlW·z"r nW"O/llL
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