L&T Finance invokes shares of three Essel Group companies

New Delhi: L&T Finance Ltd has invoked shares of three Essel Group companies — Zee Media Corporation, Zee Learn NSE 2.28 % 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.