The international investor held 4.77 per cent stake before the transaction.
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
Zee's promoters are battling the so-called debt crisis headon, just like Murdoch did in the 90s.
Ad and subscription revenues grew 1.2% and 19% respectively
