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Essel Group to sell its 16.5% stake in ZEE Entertainment Enterprises Ltd

The Essel Group is planning to sell its 16.5% stake in ZEE Entertainment Enterprises Limited (ZEEL) to financial investors. The reason to sell up to 16.5% stake is in order to repay loan obligations to certain lenders of the Group for whose benefit such shares are currently encumbered (and who have consented to such share […]