Essel group races to meet dues deadline
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.