Goldman Sachs offloads over 1.17 crore shares of Zee Entertainment

19 Jun 2014 Evaluate

Foreign investor Goldman Sachs has offloaded over 1.17 crore shares of Zee Entertainment Enterprises for an estimated Rs 322 crore through open market route. Of total, Goldman Sachs (Singapore) Pte has sold 69.50 lakh shares of Zee Entertainment on the NSE and 48.10 lakh scrips of the company on the BSE. The shares were offloaded for an average price of Rs 274.

As of March quarter, Goldman Sachs held 1.87 crore shares or 1.95% stake in the company. Earlier this month, the Reserve Bank had allowed Foreign Institutional Investors (FIIs) to invest up to 100 per cent of the paid-up capital in Zee Entertainment.

Zee Entertainment is India’s largest vertically integrated media and Entertainment Company. Its portfolio consists of brands like Zee TV, Zee Cinema, Zee Music, Zee Cafe, Zee Smile, Zee Action, Zee Premiere, ETC, ETC Punjabi, TEN Sports, Zee Studio, Zee Classic, Zee Trendz and Zee Sports.

Zee Entertainment Share Price

127.85 2.80 (2.24%)
23-Dec-2024 09:26 View Price Chart
Peers
Company Name CMP
Zee Entertainment 127.85
Sun TV Network 700.00
GTPL Hathway 138.75
Network 18 Media Inv 75.50
Den Networks 43.14
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