Reg. LAS:
0E0CD54F_6D6D_4061_BE4E_37F473D6AA1F_185709.pdf (168.0 KB)
From Dec 2018
and from Feb 2019
3A7BE372_EF5A_46EB_8C80_2E7D5D809215_165316.pdf (1.9 MB)
And they say this in Q4FY19:
"Sir, this is the first time I am on this call and some of the questions in relation to
the real estate book have been answered. What I wanted to understand was on the wholesale
book? Are there any loans against shares for the promoters or anything else?
Shailesh Shirali: This also I mentioned last time, we have only one loan against shares; There is a Rs 200 Crores
loan to the promoters of Essel group against collateral of shares of Zee Entertainment"
Q3FY19:
I have only one question in our corporate lending book do we have any significant exposure in
LAS?
Shailesh Shirali: Yes, we have only one exposure where we have an exposure to ESSEL group promoters - Zee
shares. This is about 200 Crores and we are adequately covered with Zee shares so even if the
proposed stake sale happens at today’s market price, we will be okay, we are fully covered.
Ronit Ramesh: But what is the limit, which we all be in a loss below any cover.
Ronit Ramesh: The price where Indostar may lose money?
Shailesh Shirali: I think we will lose money below 300 and the loan is current as of now was serviced in January also.
Edit:
Q1FY20; I guess they categorized the Talwalkars exposure as ‘corporate lending’.
Q1FY20 concall on 9th august
Jayprakash T: Okay and second Sir there was news around a specific corporate account in the Fitness industry that was being rumored of having servicing issues. Could you throw some light on that?
R. Sridhar: The account that you are referring to has not slipped in servicing dues to us. They have met their servicing obligations for the month of July as well. Only one account in real estate segment has
slipped during this quarter for which we have made a provision. All other accounts are current.