Zee Entertainment welcomes decision of Invesco

Zee Entertainment Enterprises Ltd. ("ZEE" or "the Company") welcomes the decision by Invesco Developing Markets Fund and OFI Global China Fund LLC. ("Invesco"), for its belief in the true potential of the proposed merger with Sony Pictures Networks India (SPNI) and for its faith in the management's approach. As the Company takes the required steps forward in seeking all the regulatory approvals as mandated by law, to complete the proposed merger, it continuesto seek the required valuable support from all its stakeholders.

Invesco has been an integral part of ZEE's value-creation journey for almost two decades; and the Company acknowledgesthis support. Under the able guidance of its esteemed Board and the strategic approach undertaken by its management, the Company remains focused on the completion of the proposed merger with SPNI, which is in the best interest of all the stakeholders.

Shares of Zee Entertainment Enterprises Limited was last trading in BSE at Rs. 256.05 as compared to the previous close of Rs. 248.55. The total number of shares traded during the day was 1016922 in over 9428 trades.

The stock hit an intraday high of Rs. 260.80 and intraday low of 244.35. The net turnover during the day was Rs. 256779767.00.

Source : Equity Bulls

Keywords

ZeeEntertainmentEnterprises INE256A01028 ZEEL Invesco SonyPicturesNetworksIndia Merger