Essel Group has completed the 1 tranche of ZEE Entertainment Enterprises’ stake sale to Invesco Oppenheimer Developing Markets Fund.
This development reaffirms the group's positive progress on its overall asset divestment approach undertaken, to generate adequate liquidity for the repayment process. The group is also working actively on further divestments including its non-media assets and remains confident to complete the same.
Zee Entertainment Enterprises 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.
