MoneyWorks4Me

Essel Corporate LLP planning to acquire stake in ZEEL

21 Jul 2018 Evaluate

Essel Corporate LLP is planning to acquire 11 million shares, or 1.15% stake, of Zee Entertainment Enterprises (ZEEL) from another promoter group entity at an estimated price of over Rs 610 crore. Post completion of the transaction, Essel Corporate’s stake in ZEEL will be increased to 2.63%.

ZEEL is one of India’s leading television media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world.

Peers