VTB Capital Plc, a unit of Russia’s state-controlled lender VTB Group, is in talks with two potential investors to sell a 10.71% stake in Zee Entertainment Enterprises Ltd, two people directly aware of the development said.
Both the investors are large business groups with presence in media and broadcasting, the people said on condition of anonymity. One of the interested buyers is an Indian conglomerate, while the other is an international corporation, the people said.
