Sony may buy 20% stake in Zee Entertainment

Reading Time: < 1 minutes Post Views: 2,321 Zee Entertainment is in the news for quite some time. Recent reports said that Japanese electronics and entertainment giant Sony Corp is in talks to acquire 20% stake in Subhash Chandra-controlled Zee Entertainment Enterprises Ltd. The company’s promoters may sell 20-25% stake in  Sony Corp to raise funds and to repay debt, the reports said, The amount raised could be used to repay promoter debt worth Rs 13,000 crore.Essel Group holds a 41.62% stake in Zee Entertainment. Reliance Industries was also in the race to buy stake…

Read More