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).