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Essel promoter entities sell Rs 1,050-crore shares

NEW DELHI: Essel group’s promoter entities have sold shares worth over Rs 1,050 crore in six listed group firms in the open market between January 25 and February 1, 2019.

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New Delhi: Essel group’s promoter entities have sold shares worth over Rs 1,050 crore in six listed group firms in the open market between January 25 and February 1, 2019.

According to multiple regulatory filings by different promoter group entities of Essel group, shares of Zee Entertainment Enterprises, Dish TV, Zee Media Corporation, Siti Networks Ltd and Zee Learn were sold in open market. Essel group raised the largest amount of Rs 874.11 crore through sale of stake in its flagship firm Zee Entertainment Enterprises by its promoter entities Cyquator Media Services Pvt Ltd and Essel Corporate LLP selling 1.69% and 0.85% stake, respectively, between January 25 and February 1, 2019. pti

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