Thursday, February 20, 2020
The deal between Essel group, the promoters of direct-to-home (DTH)) company Dish TV, and Bharti Airtel has been called off due to differences over valuation. The promoters are now in talks with a global financial investor to pick up half their stake.
The cash generated around Rs 2000 crores from such a sale islikely to be used as part of the plan by the Essel group to buy back 5 per cent in flagship company Zee Entertainment Enterprises (ZEEL) in the next 12 months.
