Singapore govt, monetary authority trim stake in Zee Entertainment

Monday, 24 August 2020Newsdesk

The Singapore government and Monetary Authority of Singapore have cut almost one per cent of their total holding in Zee Entertainment Enterprise (ZEEL) to 5.93 per cent by selling shares worth over Rs 186 crore in the open market.

New Delhi, 24 August 2020

According to a regulatory filing by the company, GIC Pvt Ltd on account of Government of Singapore (GOS) and Monetary Authority of Singapore (MAS) sold a total of 93.30 lakh shares, amounting to approximately 0.97 per cent stake in ZEEL on August 20. While GOS sold 56,76,912 shares aggregating 0.59 per cent stake, MAS sold 36,53,266 shares accounting for 0.38 per cent shareholding, the company said. As per news report of PTI, based on the closing price of Rs 199.45 per share on BSE on the day of share sale, the transaction is estimated to be valued at over Rs 186 crore.

Source -PTI