India’s Zee seeks distrib help

World Brief

Zee Telefilms is on the lookout for an international partner for overseas distribution — and chairman Subhash Chandra says he is willing to part with a controlling stake to the right partner.

At present, promoters including Chandra hold a 60% stake in the company, foreign investors have 19%, Indian financial institutions hold 7% and Rupert Murdoch’s Star TV about 4%. Zee has four months to find investors.

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