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Zeel promoter stake sale gets confidence vote from SBICap and Edelweiss

There’s a sense of relief at Zee Entertainment Enterprises Ltd (Zeel). Chairman Subhash Chandra, and managing director & CEO Punit Goenka said they would go the whole hog to repay their obligations.

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Essel Group to sell 16.5% stake in ZEEL to repay loan obligations

Debt-ridden Essel Group  is planning to sell a 16.5 per cent stake in its flagship property  Zee Entertainment Enterprises Ltd (ZEEL) to financial investors to clear off its massive debt. After this transaction, Essel Group’s overall holdings in ZEEL will be five per cent, as mentioned in a...

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OFI Global China Fund to buy further 2.3 per cent stake in ZEEL

MUMBAI: Essel group is planning to sell 16.5 per cent stake in its flagship property Zee Entertainment Enterprises Limited (ZEEL) to financial investors, of which 2.3 per cent will be sold to OFI Global China Fund -- which already holds 8.7 per cent stake in the media company.

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ZEEL promoters pledge 10.71% shareholding with Russia's VTB Capital

MUMBAI:  Zee Entertainment Enterprise Ltd’s (ZEEL) promoter Essel Group pledged 10.71 per cent shareholding in the media company with Russia’s VTB Capital Plc. According to a disclosure made by VTB Capital to the stock exchanges, the encumbrance on 10.2 crore shares of Zee owned by Essel Media...

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Essel Group, lenders agree on timeline extension for sale of assets

MUMBAI: Multi-faceted business conglomerate Essel Group announced and confirmed that its lenders have unanimously agreed to extend the timeline, enabling the group to optimise the value output from the sale of its assets. As per the official communication issued on 20 September 2019, the group was...

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