Oppenheimer will buy the stock once escrow mechanism has been set up with lenders, says Zee
- 5 years ago
In a significant transaction to solve the debt woes of Essel Group, Oppenheimer will buy 11 percent stake in Zee Entertainment for over Rs 4,000 Crore. Zee will be the big stock in focus today after the company concluded the stake sale deal with Invesco Oppenheimer. CNBC-TV18’s Nisha Poddar caught up with Punit Goenka, the MD and CEO of the company and asked about the company's agreement signed with Oppenheimer - the details of the transaction, right of first refusal (ROFR) and buyback.