1. home
  2. > markets
  3. > Zee lenders begin strategic sale, move promoter shares to escrow a/c
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

Zee lenders begin strategic sale, move promoter shares to escrow a/c

Nov 04, 2019 11:01 IST

Russia's VTB Capital has decided to sell pledged shares of Zee promoters. The Russian financial house has also roped in JP Morgan and Citi Research for the share sale. The lenders have transferred a majority of the promoter family’s pledged stake to an escrow account, for a possible sale to a strategic investor. Promoter Subhash Chandra’s 22.37 per cent stake was pledged with a clutch of lenders.

Markets