Essel Group, the Mumbai-based Indian conglomerate, announced on the 31st of July 2019 that it had agreed to sell 11% of the shares it controlled in ZEE Entertainment Enterprises Ltd (ZEEL) to Invesco Oppenheimer Developing Markets Fund (Oppenheimer). According to the announcement, Oppenheimer paid a total of Rs 42.24 billion (equivalent to $611.6 million). The deal is assigning ZEEL with a market valuation of Rs 38,400 crore (equivalent to $5.6 billion). This agreement is logically putting an end to months of speculation about a possible buy-out of ZEEL.
The Analyst Team
Constantinos Papavassilopoulos researches the TV and online video markets of 21 countries, spanning APAC (India), the Middle East and North Africa, Turkey, and Europe (Greece, Cyprus, and Malta). He authors market monitors and reports, and updates datasets, while also contributing to analysis and commentaries on a variety of topics.
Constantinos is a frequent guest speaker at conferences and events throughout MENA and Europe. Considered as an expert on the markets he covers, Mr. Papavassilopoulos is often interviewed for market research, trade, press, and business publications as well as for major news and current affairs networks. He joined IHS Markit in 2012 and Omdia in 2019. Previously, he had worked as a media researcher and head of the new technologies department at the Hellenic Audiovisual Institute. Prior to this, he worked as an assistant manager for a small TV production company in Athens, Greece. He holds a geology degree from the University of Athens, Greece, and a master’s in communications studies from the University of Leeds, UK.
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