Shares of Zee Entertainment hit the upper circuit in opening deals on Thursday after reports said 14.52 crore shares of the company changed hands in a block deal on the National Stock Exchange (NSE). The scrip rallied...
Russia’s VTB Group gets rights to sell 10.71% stake of Zee to recover loan dues
VTB Capital PLC, the investment management arm of Russia-based state-run financial services giant VTB Group, on Tuesday said that it has obtained certain lender protection rights in Essel Media Ventures Ltd. and has...
Repaying debt: Over 90 per cent of promoter stake in Zee pledged
Punit Goenka, CEO of Zee Entertainment Enterprises (ZEEL), said on Saturday that over 90% of the promoter holding in the company has been pledged. Goenka was addressing analysts following a disclosure made by VTB...
Invesco Oppenheimer fund to buy 11% stake in Zee Entertainment for ₹4,224 cr
US-based Invesco-Oppenheimer Developing Markets Fund has agreed to pick up 11% stake in Zee Entertainment Enterprises Ltd (ZEEL), the flagship media company of Subhash Chandra’s Essel Group. The stake sale will be for a...
Zee closes a stake sale deal, but needs more to meet debt obligations
Subhash Chandra’s Essel group has agreed to sell an 11% stake in Zee Entertainment Enterprises Ltd (ZEEL) for ₹4,224 crore to Invesco Oppenheimer Developing Markets Fund, as the controlling shareholders of the...
Essel Infra sells two power assets to Edelweiss arm
The Subhash Chandra-led Essel group has sold the two transmission assets owned by Essel Infraprojects, Darbhanga-Motihari Transmission Ltd and NRSS XXXI (B) Transmission Ltd, to a fund managed by Edelweiss, said two...
Chandras may sell small stake in Zee Entertainment to financial investors
The Subhash Chandra-led Essel Group, expecting to raise more than the initial target from sale of its infrastructure assets, is looking at the option of selling a small stake in Zee Entertainment Enterprises Ltd (ZEEL)...
Zee stake sale to be completed by July, says Punit Goenka
Media and entertainment firm Zee Entertainment Enterprises Ltd (ZEEL) that is in advanced stages of its stake sale process has said that there will be a formal announcement in place by July. “We are progressing well and...
Essel Group to sell 3 road assets to CDPQ
Essel Infraprojects Ltd has agreed to sell three of its road projects to Caisse de dépôt et placement du Québec (CDPQ), Canada’s second-largest fund manager, said two people aware of the development, as the Subhash...
Essel Group in talks to sell road assets to CDPQ, Cube Highways
Roads platform Cube Highways and Infrastructure Pte. Ltd and Canada’s Caisse de dépôt et placement du Québec (CDPQ) are in talks to buy three toll roads from debt-laden Essel Group, three people aware of the matter...
Essel Group in talks to sell road assets to CDPQ, Cube Highways
Roads platform Cube Highways and Infrastructure Pte. Ltd and Canada’s Caisse de dépôt et placement du Québec (CDPQ) are in talks to buy three toll roads from debt-laden Essel Group, three people aware of the matter...
Zee may sell 20% stake to Sony for ₹13,000 crore
Japanese electronics and entertainment giant Sony Corp. is in advanced talks to buy a stake in Subhash Chandra-controlled Zee Entertainment Enterprises Ltd (ZEEL) and form a strategic partnership, three people aware of...