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The Economic Times

Business

Ritesh Presswala

Zee Entertainment shares jump 6% after Rs 418 crore FDI approval

Zee Entertainment Entertainment Invesco ZEEL Foreign Investment India

Zee Entertainment Enterprises (ZEEL) shares surged 5.60% to Rs 109.85 during Wednesday's trading session after the company received government approval for a Rs 418-crore (around $46 million) foreign investment from OFI Global China Fund LLC, according to a report by The Economic Times, citing data released by the Department for Promotion of Industry and Internal Trade (DPIIT).

The approval marks the return of the Invesco-managed fund to Zee Entertainment's shareholder base, nearly three years after its high-profile exit from the media company.

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