Oppenheimer Fund picks up 11% stake in ZEEL from its promoters for Rs 4,224 crores

[Basil]

This thread is for the general discussion of the Article Oppenheimer Fund picks up 11% stake in ZEEL from its promoters for Rs 4,224 crores. Please add to the discussion here.

 

[Akash Solanki]

News in paper

 

[Basil]

There are two main reasons for this. First, a strategic investor deal would have brought in higher funds than what the company got through this deal with Oppenheimer.

Second, the Street believed that part of the funds generated from sale of stake to a strategic investor would have come in handy in strengthening the company's presence in a highly competitive India’s streaming platforms segment.

Zee Entertainment Enterprises Ltd.: Street was hoping for more from ZEE deal, shows it’s not happy - The Economic Times