Zee Entertainment shares rose 9 per cent to Rs 176.20 against the previous close of Rs 161.60 on Tuesday. The large cap stock opened higher at Rs 162.90 on BSE.
Out of the 42 AMCs, only 29 invested in ZEE, while the remaining 13 held a very small amount of the stock, with ICICI Mutual Fund holding the highest exposure to ZEE.
India Business News: Shares of Zee Entertainment witnessed a notable rebound on Wednesday, surging by approximately 8%. Is the worst over for the media stock?
Shares of Zee Entertainment Enterprises Ltd are in news today after investment firm Plutus Wealth Management LLP bought 61,10,797 equity shares or 0.63 percent stake in the media and entertainment company via open market transactions. The transaction was done at an average price of Rs 270.07 per share and was valued at Rs 165.03 crore. Zee Entertainment shares were trading on a flat note at Rs 271.95 against the previous close of Rs 271.05 on Thursday.