Essel group races to meet dues deadline2 min read . Updated: 11 Jun 2019, 12:00 AM IST
- Fund houses appointed P.J. Nayak, former chairman of Axis Bank, as a mediator for talks with Essel group
- The sale of a minority stake in ZEEL to a financial investor will take care of the immediate debt owed to mutual funds and banks
Mumbai: Debt-ridden Essel group is looking to sell a minority stake in broadcaster Zee Entertainment Enterprises Ltd (ZEEL) to a financial investor by the end of July to meet immediate payment obligations, said two people directly aware of the matter.
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