Zee Entertainment gets govt nod for Rs 418-cr investment from Invesco fund
MUMBAI: Zee Entertainment Enterprises Ltd. (ZEEL) has received government approval for a Rs 418-crore (about $46.03 million) foreign investment from OFI Global China Fund LLC, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT).
The move marks the return of the Invesco-managed fund to the broadcaster’s shareholder base, nearly three years after it exited the company.
