Zee Entertainment announced that Invesco Oppenheimer Developing Markets Fund (The Fund) has agreed to buy up to 11% stake from promoters, for a total consideration of up to | 4224 crore, implying | 400/share, which represents ~11% premium to last day's closing price. While the deal announcement is positive as it partly allays some concerns on pledge, the total exposure of | 11000 crore as promoters loan against shares implies stake sale in non-media assets (infra) and possibly some more stake sale of Zee, in a time bound manner to fully revoke the pledge....