ZEE gets one binding offer for stake sale: Punit Goenka

MUMBAI: Promoters of the Indian media and entertainment company Zee Entertainment EnterprisesNSE 1.11 % (ZEE) have received one binding agreement for purchase of stake in the company, ZEE managing director Punit Goenka told ET.

After announcing strong financial results for the first quarter of the fiscal ended June 30, 2019, where the profit after tax has zoomed in by 63 per cent to Rs 530.6 crore,Goenka added that the stake sale process is in an advanced stage, with the decision to be announced in “a few days”.