Invesco Oppenheimer to acquire 11% stake in Zee Entertainment from Essel Group.

Invesco Oppenheimer to acquire 11% stake in Zee Entertainment from Essel Group for $570m. Essel Group had initiated the process of divesting its key assets, with an aim to repay all the lenders by September 2019. During this divestment process, the Group has received positive response from multiple partners expressing interest to buy the stake in ZEEL and the other key non media assets. “I’m extremely glad to share that the Invesco-Oppenheimer Fund as a Financial Investor has further reposed its faith in ZEEL. It also gives me immense pleasure to note their strong belief and trust in the intrinsic value of our precious asset. It is the valuable belief and support of our esteemed financial investors that enables us to consistently generate great value, year after year," Punit Goenka, ZEE Entertainment Enterprises MD and CEO.