Another 16% Slice of India’s Zee to be Sold by Essel

The Essel Group is to sell a further 16.5% stake in Zee Entertainment Enterprise Limited, India’s largest private sector broadcast group. The debt-reduction move comes just months after Essel auctioned off an 11% tranche of ZEEL. “The Group seeks to sell up to 16.5% stake in ZEEL to financial investors, in order to repay loan […]

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