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Zee Entertainment shares jump 6% after Rs 418 crore FDI approval
Zee Entertainment shares jumped after receiving government approval for a Rs 418 crore foreign investment from an Invesco-managed fund. This marks the fund's return to ZEEL's shareholder base after a previous exit. The investment comes as the company navigates challenges in its broadcasting business but sees improvements in its digital segment. FDI inflows into India's information and broadcasting sector also saw a significant rise.
Zee Entertainment Shares Jump 5% In Trade — What's Driving The Rally?
The investment is seen as a notable development given Invesco's history with Zee. The fund was once the company's largest shareholder, holding an 18% stake, before a high-profile corporate governance dispute led to its gradual exit.
Zee Entertainment gets govt nod for Rs 418-cr investment from Invesco fund
The move marks the return of the Invesco-managed fund to the broadcaster's shareholder base, nearly three years after it exited the company. According to DPIIT data, the investment was received under the foreign direct investment (FDI) route for acquisition of shares during the January-March quarter of FY26.
Stellar Wealth Partners India Fund acquires 0.87% stake in Sakar Healthcare, Zerodha Broking buys Rs 93 crore worth of Nazara Tech shares
Shares of Sakar Healthcare Limited may have reacted positively to the bulk deal, soaring 16.16 percent to end at a record closing high of Rs 696.7 amid strong volumes on the National Stock Exchange. Strong buying interest was also seen in Nazara Technologies Limited as its shares surged 12.76 percent to Rs 299.95.