Zeel promoters to sell 50% stake in Zee Entertainment Enterprises

The Essel Group, the promoters of Zee Entertainment Enterprises Ltd. (ZEEL), one of the largest Indian media and entertainment companies has decided to sell up to 50% of its stake to a strategic partner that could help the company have a global footprint while reiterating India remains a priority market for the group. The Essel group holds 41.62% stake in ZEEL.