On Tuesday, Invesco-owned companies sold their 5.51% interest in Zee Entertainment Enterprises (Zee). According to data, it sold over 53 million shares for Rs263.7 each to raise Rs1,396 crore.
Some of the purchases included Morgan Stanley, Citigroup, Bank of America, Abvendus, and ICICI Prudential MF. Prior to the investment, Invesco owned 10.14% of Zee. On Tuesday, Zee shares increased 2.79 % to close at Rs270.65 on the BSE. Invesco and the Zee promoters have recently been at odds over board composition and governance problems.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.