Chandra and Punit Goenka will continue on Zee Board as Essel Group representatives.
They believe that the Zeel share can only head north and cross the Rs 400 barrier
Essel Group's overall holdings in ZEEL will be five per cent post-transaction
Overall the group is seeking to sell up to 16. 5 per cent stake in ZEEL
As of 30 June 2019, the promoters were holding about 35.79 per cent in the company.