Ending eight-and-a-half month search for the best suitor, the promoters of Zee Entertainment Enterprises (ZEE) have zeroed in on US-based financial investor, Invesco Oppenheimer Developing Markets Fund, to sell 11% of their stake in the company for a consideration of Rs 4,224 crore.Registered with the US Securities & Exchange Commission, the fund has been a financial investor in ZEE since 2002 and currently owns 7.7% stake in the company.ET first reported on Wednesday that the ZEE promoters are leaning towards the binding offer from financial investor. The other offer, a non-binding one, had come from a consortium led by US cable major Comcast and comprising of James Murdoch’s Lupa Systems, PE fund Blackstone and independent fund Atairos.The stake sale is part of the ongoing deleveraging process by the Essel Group, owner of ZEE, to repay lenders by September-end.Punit Goenka, Managing Director and CEO, ZEE, said, “I’m extremely glad to share that the Invesco Oppenheimer Fund has further reposed its faith in ZEE. It also gives me immense pleasure to note their strong belief and trust in the intrinsic value of our precious asset. It is the valuable belief and support of our esteemed financial investors that enables us to consistently generate great value, year after year.”ET has already reported that along with ZEE, Essel Group is also in the process of divesting some of its Non-Media Assets, including Solar and roads infrastructure.