Posts Tagged “Zee”

Invesco Oppenheimer fund to buy 11% stake in Zee Entertainment for ₹4,224 cr

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Invesco Oppenheimer fund to buy 11% stake in Zee Entertainment for ₹4,224 cr

New Delhi: US-based Invesco-Oppenheimer Developing Markets Fund has agreed to pick up 11% stake in Zee Entertainment Enterprises Ltd (ZEEL), the flagship media company of Subhash Chandra’s Essel Group. The stake sale will be for a total consideration value of up to ₹4,224 crore, the company said in a press statement. The proceeds from the stake sale will go…

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Debt mutual funds with Zee exposure send investors into a tizzy

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Debt mutual funds with Zee exposure send investors into a tizzy

MUMBAI: Worries about the prospects of debt mutual funds holding securities of Subhash Chandra’s Essel Group entities have resurfaced after Kotak Mutual Funddelayed full redemption in several fixed maturity plans (FMPs), sparking a scramble among investors to check if they too have any exposure to such paper. Wealth managers said investors have turned jittery about the repayment capabilities…

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