NDA, CAM lead on Invesco Oppenheimer fund acquisition of 11% stake in Zee Entertainment for ₹4,224 cr

Bar & Bench July 31 2019
Zee Media, Zee News

US-based Invesco-Oppenheimer Developing Markets Fund has agreed to pick up 11% stake in Zee Entertainment, the flagship media company of Subhash Chandra’s Essel Group.

The stake sale will be for a total consideration value of up to ₹4,224 crore.

Nishith Desai Associates acted for Invesco-Oppenheimer Developing Markets Fund and the team was led by Simone Reis, with other team members being Kishore Joshi, Prithvi Vardhan and Prashant Prakhar.

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