Essel Group Nears Second Stake Sale In Zee Entertainment: Exclusive

Essel Group is planning to sell more stake in Zee Entertainment Enterprises Ltd. as the promoter looks to pare debt, two people involved in the transaction said.As part of the process, mutual funds will transfer shares of the broadcaster offered as collateral by the Subhash Chandra-led group into an escrow account, the people told BloombergQuint on the condition of anonymity.About 5.5 percent of Zee Entertainment’s total equity pledg...