Stake sale on track, however debt repayment still a concern ZEEL's promoters recently announced roping in Invesco Oppenheimer for an 11% stake sale worth Rs. 4,224cr. The company further revealed that over 90% of promotors' remaining holdings of 22.4% were pledged with mutual funds and other lenders. An amount of over Rs. 7,000cr owed to the MFs was due by September-end, but the parties have agreed to provide another six months extension. Additionally, in an update, Russia's VTB Capital, acting on behalf of certain lenders, recently disclosed that it has secured rights of 102mn shares (~10.7% stake) in ZEEL held by Essel Media...