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Debt-ridden Essel group is looking to sell a minority stake in broadcaster Zee Entertainment to a financial investor . The sale may happen by the end of July to meet immediate payment obligations and will be in addition to its ongoing efforts to find a strategic buyer. The sale of a minority stake  to a financial investor will take care of the immediate debt owed to mutual funds and banks. In the meanwhile, Lenders to Essel Group sold ₹600 crore worth of Zee Entertainment Enterprises Ltd.’s shares pledged as  collateral in April and May.

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