India: Essel to sell stake in Zee Entertainment, hires Goldman to seek buyer

India: Essel to sell stake in Zee Entertainment, hires Goldman to seek buyer

ZEEL CEO Punit Goenka. Photo: Mint

Media and entertainment conglomerate Zee Entertainment Enterprises Ltd has decided to divest 50% of Essel Group’s shareholding in the company as it looks for a global strategic partner. The move would help it maximize long-term value and transform it into a global media-tech player with content offering for audiences in more than 170 countries.

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