Goldman Sachs-securities-india

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Subhash Chandra-run Essel plans to raise $400 m to refinance group's Mauritius holding firm
Business

Subhash Chandra-run Essel plans to raise $400 m to refinance group's Mauritius holding firm

In November 2018, Essel Group had said that it was planning to sell up to 50 percent of the promoters' equity in the group flagship media arm ZEEL to a strategic partner.

Zee Entertainment may divest 20% in video on demand platform Zee5; to set up group of channels
Business

Zee Entertainment may divest 20% in video on demand platform Zee5; to set up group of channels

Zee is reportedly planning to set up a group of channels to attract new customers and take on its competitor in over-the-top media business Reliance Jio