Invesco

Invesco to offload 7.8% of its 18.8% stake in Zee for Rs22bn

Last updated : Apr 09, 2022 07:04
SportzPower Team
Apr 07, 2022 11:04

MUMBAI: Bitter boardroom battle resolved, Invesco, the single largest shareholder in Zee Entertainment Enterprises Ltd, declared Wednesday that it would divest up to 7.8% of its stake in Zee via a block deal on April 7. 

The US investment firm holds a 17.88% stake in the media conglomerate founded by Subhash Chandra, along with OFI Global China Fund LLC, will by selling 74 million shares, worth around Rs 2,200 crore (Rs 22 billion). 

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