L&T Finance invokes shares of three Essel Group companies

L&T Finance Ltd has invoked shares of three Essel Group companies — Zee Media Corporation, Zee Learn and Siti Network Ltd — and appropriated them against loan outstanding amount.

As per regulatory filings, L&T Finance invoked and appropriated against loan outstanding amount 1.24 crore shares constituting 2.65 per cent stake of Zee Media Corporation on November 18.

L&T Finance also invoked and appropriated against loan outstanding amount 96.02 lakh shares constituting 2.94 per cent stake of Zee Learn on November 18.

In a separate filing, L&T Finance said it has invoked and appropriated against loan outstanding amount 5.73 crore shares constituting 6.58 per cent stake of Siti Networks on November 18.