Essel Group | Pixr8 News

Subhash Chandra-led Essel Group completes its online streaming platform ZEEL stake sale, which is 8.7 percent, to Invesco Oppenheimer Developing Markets Fund. Besides, Essel group is also working actively on further divestments including its non-media assets, Essel group said in a regulatory filing. Earlier on July 31 this year, Essel Group had announced to sell 11 percent promoter stake in Zee Entertainment Enterprises Ltd (ZEEL) to Invesco Oppenheimer for Rs 4,224 crore. "The group wishes to confirm that the 1st tranche of the transaction comprising the sale of 8.7 percent stake in ZEEL has been successfully concluded today," it said. The company further said, "The group is confident of completing the balance sale of 2.3 percent stake over the next few days."Essel group, whic...

Zipro Technologies, a firm that offers bus aggregation services is eyeing to secure an amount of $50 million in a fresh funding round from Essel Group. The bus aggregator reportedly is seeking to develop its presence in India from the present 10 cities. The company is based in Bengaluru, and it is expecting to utilize these funds to supply bookings for electrical buses and e-rickshaws as stated by a person familiar with the matter. Established by Subhash Chandra, Essel Group is present in areas including media, entertainment, packaging and technology. The company is planning to invest in ZipGo for the purpose of boosting up the building of infrastructure for electric vehicles. ZipGo that was founded in 2015 by Gaurav Agarwal, Jitender Kumar and Pritesh Gupta, has raised about $8.6...

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Bus Aggregator Zipro Eyeing to Secure Funds from Essel Group