Invesco Oppenheimer Developing Markets Fund sold 74.3 million shares of Zee Entertainment Enterprises (ZEE) at an average price of ₹281.46 ...

The US investment giant, which owns 18% in Zee, will sell around 7.4 crore shares in the price range of ₹270-290 apiece, which is as much a...

The NCLAT had on Thursday directed NCLT Mumbai to give reasonable opportunity to the media major to reply to Invesco's plea for holding a m...

Earlier, amid the spat, Zee Chairman Emeritus Subhash Chandra asked Invesco to make an open offer and take over the company if it wants, an...

After hearing the matter for some time on Monday, the tribunal adjourned the proceedings for Tuesday.

Two investment firms -- Invesco Developing Markets Fund (formerly Invesco Oppenheimer Developing Markets Fund) and OFI Global China Fund LL...

As part of the agreement, Zee Entertainment’s current promoters will be allowed to raise their stake to 20 per cent from little over 4 per ...

Goldman Sachs Funds, Government of Singapore, Invesco Oppenheimer Developing Markets Fund and Monetary Authority of Singapore among key inv...

The lenders holding ZEEL shares as collateral, demanded details of the sale of additional 10%.

Essel Media Venture had created pledge on 10.71 per cent stake in favour of VTB Capital in 2017.

ZEE managing director had said that none of ZEE’s shares was pledged to VTB Capital.

The stock was trading at Rs 325, down about Rs 10 on BSE.

Sells 8.7% stake in media company; says will complete balance sale in next few days

The financial investor has agreed to acquire additional 11% stake in ZEE from the promoters for Rs 4,224 crore.

Investors doubt whether the company can generate Rs 20,000 crore by selling these assets.

The fund has been a financial investor in Zee since 2002 and currently owns a 7.7 per cent stake in the company.

"With some more stake sale, we should be comfortable to pay off the entire debt."