By Malvika Gurung
According to data available on the BSE, an arm of Invesco, OFI Global China Fund LLC offloaded a total of 4,91,12,015 equity shares of Zee Entertainment for Rs 204.5 each through an open market transaction on April 17, 2023.
OFI Global China Fund sold a total of 5.11% stake in the media company, fully exiting Zee Entertainment as an investor. The transaction amounted to Rs 1,004.34 crore.
Further, three entities purchased the shares of Zee through bulk deals on Monday. They included Morgan Stanley (NYSE: MS ) Asia Singapore Pte, Segantii India Mauritius, and Goldman Sachs (NYSE: GS ) Singapore Pte ODI.
Morgan Stanley Asia Singapore Pte bought a total of 1,58,34,999 shares of Zee for Rs 204.5 each, aggregating to a transaction value of Rs 323.8 crore.
Segantii India Mauritius picked 90,19,998 equity shares of Zee on Monday for Rs 204.5 apiece and translating to a total of Rs 184.46 crore.
Goldman Sachs Singapore Pte ODI purchased 64,20,000 equity shares of Zee on Monday, priced at Rs 204.5 apiece, totalling Rs 131.3 crore.
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