Essel Group in talks to sell its assets to pay off debts

Media baron Subhash Chandra’s Essel Group is in talks with corporate houses, real estate developers, and leading private equity players for the sale of marquee land properties and a few unlisted infrastructure assets to generate ₹1,500 crore that he is supposed to pay American PE firm JC Flowers to settle his debt obligations and take back control of assets including direct-to-home (DTH) company Dish TV, said multiple banking and ibanking sources aware of the talks.