Zee Entertainment promoters may sell up to 25% stake to a strategic partner

As part of its earlier plan in November, Subhash Chandra and family had announced that they were willing to sell up to 50% of their 41.6 % stake in the company

The promoters of Zee Entertainment Enterprises (ZEEL) are considering selling up to a 25 per cent stake to a strategic partner, according to informed sources.

As part of an earlier plan, Chairman Subhash Chandra and his family had announced that they were willing to sell up to 50 per cent of their 41.6 per cent stake in the company.

A top source close to the development said negotiations were on with three prospective foreign strategic investment entities. “The promoters are willing to give a bit more than 20 per cent stake and the maximum would be 25 per cent to