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HomeBusinessZee's Shareholder Invesco to Sell 7.8% stake in Zee Via Block Deal...

Zee’s Shareholder Invesco to Sell 7.8% stake in Zee Via Block Deal Today

US funding agency Invesco, which was till lately locked in a boardroom battle with Zee Leisure Enterprises Ltd, has determined to scale back its stake within the latter by way of a block deal on April 7. Invesco, which is at the moment Zee’s greatest shareholder and holds a complete of 17.88 per cent stake together with OFI International China Fund LLC, will offload as much as 7.8 per cent of the fairness. It would by promoting 7.4 crore shares, which is value round Rs 2,200 crore of the inventory.

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