Franklin Templeton faces default on Essel group paper
The paper, which was in the form of NCDs, was backed by shares of Zee Entertainment Enterprises, Dish TV India, unlisted shares of EIL and the personal guarantee of Subhash Chandra.
Franklin Templeton Mutual Fund in a note to distributors on Friday announced a default on debt issued by Essel Infraprojects Ltd (EIL). At maturity, the issuer was not able to meet the maturity oblig
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