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Essel Group may monetise non-media assets

Thursday, January 31, 2019, 8:59 AM

The Essel Group, led by Subhash Chandra, has embarked upon an ambitious plan of monetising its non-media businesses to deal with the current concerns over repayment to its lenders. According to sources close to the management, in the next six months, the company plans to monetise about Rs.20,000 crore by selling its infrastructure assets. At the group level, Essel has total debt of Rs.17,174Cr.
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Assets worth Rs 6,000 cr detected under foreign black money law

Wednesday, January 9, 2019, 5:20 PM

Undisclosed assets worth Rs 6,000 crore have been detected under the foreign black money law enacted in 2015, the government said. A one-time compliance opportunity was provided to those with foreign assets which have previously not been disclosed. In this compliance window, which closed on September 30, 2015, 648 declarations involving undisclosed foreign assets worth over Rs 4,100 crore were made.
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Bihar CM, his cabinet colleagues declare their assets

Sunday, January 6, 2019, 8:50 PM

Bihar CM Nitish Kumar owns movable and immovable assets worth Rs.56.18 lakh while his son Nishant is almost five times richer than him. According to details of assets declared by the chief minister and his cabinet colleagues uploaded on the state government's website on January 3, Deputy Chief Minister Sushil Kumar Modi is also richer than his boss, with movable assets worth Rs.1.04 crore.

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