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ZEEL’s promoters plan to sell up to 50% holding

Zee Entertainment Enterprises’ (ZEEL) promoters led by Subhash Chandra are planning to sell up to 50% of their equity stake in the company to a strategic partner in a bid to maximize value for the business. The company’s move is expected to address the Essel Group’s (the promoters) capital allocation priorities and to pursue disruptive technological development and transform the business into tech-media company.

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.

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