Invesco deal will solve lot of problems for Zee Ent: Shobit Singhal, Anand Rathi
  • WebDesk BTVI
  • Aug 01 2019

Shobit Singhal, Equity Analyst at Anand Rathi, talks about the Zee Stake Sale and the condition of the group. He says the Invesco-Zee Entertainment deal is a pure equity deal. He expects a 5% gap opening for Zee Entertainment in today's trade. Citing Zee Entertainment’s September 30 deadline to pay off lenders, he says the proceeds from Invesco deal will solve a lot of problems for the group. He gives a ‘Buy’ rating for Zee Entertainment with a target price at Rs 450.