Zee Entertainment Enterprises Ltd. (ZEEL) on 16th October said that VTB Capital has acquired the rights to sell 10.7% equity held by Essel Media Ventures in the company. VTB Capital is the investment management arm of Russia-based state-run financial services giant VTB Group.
In a regulatory filing, ZEEL said that VTB Capital has secured the right to potentially monetise 10.3 crore shares of the company held by its promoter, Essel Media Ventures.