The Essel Group sold around 16.5% stake (in aggregate) in Zee Entertainment Enterprises Limited (ZEEL) to (i) OFI Global China Fund, LLC (off-market) and (ii) other investors by way of block trade on National Stock Exchange of India Limited (“Transaction”).
The promoter group of Zee Entertainment Enterprises (ZEEL) sold more than 14 crore shares in bulk deals on November 21. Promoters Cyquator Media Services sold 61,626,543 shares, ESSEL Corporate LLP sold 11,838,350 shares, and ESSEL Media Ventures sold 69,403,106 shares in the company via bulk deals at an average price of Rs 304 per share. The big buyers were Government of Singapore which bought 28,500,000 shares and Societe Generale bought 16,690,000 shares of the company. — Moneycontrol
Cyril Amarchand Mangaldas advised the
2019-11-18
Deal value: Approx INR 4978 crores.
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.