ZEE Entertainment bulk deal: Quant trading subsidiary HRTI churns 0.5% stake
The big story of the day is the bulk deal of Zee Entertainment Enterprises (ZEEL). HRTI offloaded a total of 0.5% of ZEEL’s equity shares via a bulk deal.
On June 12, HRTI sold 47.75 lakh shares of Zee Entertainment at an average price of Rs 112.55 on the NSE. The lot was then bought by HRTI at a slightly lower average price of Rs 111.85. However, HRTI bought a total of 48.84 lakh shares of ZEEL, representing 0.51% of the total market capitalisation.
