Mutual funds holding Zee EntertainmentNSE -4.08 % shares as collateral for loans given to Essel Group promoters are likely to stake claim to the Rs 4,224 crore the company will raise by selling 11 per cent in its media unit to Invesco Oppenheimer.
Proceeds from the stake sale amount to 50-55 per cent of the money owed to mutual funds (MFs). The group has unofficially told MFs holding the pledged shares that it could offload a further 10 per cent to another investor in August to repay t ..
