Announced Wed, 1 Jul · 19:31 IST
Zee denies FDI news report; says no OFI Global China Fund investment
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ZEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹108.30
prior close
₹108.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.5-3.6-3.1-3.6-3.2-5.4-6.0-8.4-7.8-6.5-4.7———
Up moveDown movePending
AI summary
Zee Entertainment told stock exchanges that a news report claiming Rs 418 crore FDI approval which pushed shares up 6 percent is baseless. The company clarified that OFI Global China Fund LLC has not made any investment in it during the period mentioned in the report. It also confirmed it will continue to comply with SEBI listing rules. The denial follows clarifications sought by BSE and NSE on an Economic Times article.
Likely market impact
Denial of FDI news may reverse the recent 6 percent share price jump. Watch for any further exchange or SEBI action on the original report.