Nobody is auctioning in this case also. Zee chairman is in usa to talk with Comcast and Sony. If auction then why talk ? Just follow DDFD auction procedure. Isn't it ?
Promoters, Foreign Institutions, Foreign Promoters, NBFC and Mutual Funds, Financial Institutions, Others, General Public and Government make up the shareholding of 100%.
Zee Entertainment in talks with Comcast & SONY to sell stake.
The promoters of the company are in talks with US media giant Comcast and Japanese multinational conglomerate Sony Corporation to sell over 50 percent of their holdings in the firm as a part of their asset monetisation to repay debt.
ZEEL refutes report on promoter stake sale to Sony or Comcast
MUMBAI: Media conglomerate ZEEL has denied reports that it is in talks with Sony Corporation and Comcast to sell promoter stake at Rs 540-560 per share. CNBC-TV18 has reported that the promoters of the company are in talks with Comcast and Sony to sell over 50% of their holdings to repay debt.
Comcast-Atairos, SONY shortlisted for stake sale talks by Zee Entertainment
US cable major Comcast, which owns NBC Universal, Atairos, a $4-billion investment company led by former Comcast CFO Michael Angelakis, and Sony Corp have been shortlisted for talks that could lead to the purchase of a substantial stake in Zee Entertainment, multiple people aware of the situation said.