Close on the heels of Zee Entertainment Enterprises Ltd announcing it has entered into an agreement with IndusInd Bank Ltd to settle all disputes and claims between the two parties, ZEE declared Friday that the Indian media major has entered into a one-time agreement with Standard Chartered Bank over a loan taken by Siti Networks, a multi-system operator promoted by the Essel Group.
Siti Networks was given credit facilities by the bank and ZEEL was the guarantor.
