HighPositive
Announced Wed, 1 Jul · 11:06 IST

Zee Entertainment shares jump 6% after Rs 418 crore FDI approval

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Zee Entertainment received government approval for a Rs 418 crore foreign direct investment from an Invesco-managed fund, marking the fund's return to the company's shareholder base nearly three years after its high-profile exit in April 2023. The stock jumped 6 percent on the news, extending its three-month rally to 36 percent, with the company commanding a market capitalisation of Rs 9,942 crore. Meanwhile, FDI inflows into India's information and broadcasting sector rose 30.2 percent year-on-year to Rs 7,824 crore in FY26.