According to the bulk deal data available with the BSE, Essel Holdings offloaded 1.39 crore shares, 1.44 per cent stake in ZEEL.
The shares were disposed of at an average price of Rs 595.13 apiece, translating into a transaction size of Rs 825.15 crore, the data showed.
The buyer(s) of the shares could not be ascertained immediately.
As of December quarter, Essel Holdings held 4.64 crore shares in the media firm.
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