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The Times of India

Business

PTI

Invesco funds to divest up to 7.8% stake in ZEEL

ZEEL Invesco Zee Zee Entertainment Enterprises Ltd SPNI Zee Entertainment Enterprises Punit Goenka Sony New Delhi

NEW DELHI: Investment firm Invesco on Wednesday said three funds managed by its developing markets investment team, including Invesco Developing Markets Fund, will sell up to 7.8 per cent of the share capital of Zee Entertainment Enterprises Ltd (ZEEL) to align exposures to the firm with other funds managed by the team.

Invesco, which is the single-largest shareholder in ZEEL, said after the proposed sale, the three funds managed by its developing markets investment team will continue to own in aggregate at least 11 per cent of ZEEL.

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