 "Zee")
Invesco Oppenheimer Developing Markets Fund on Thursday sold 7.74 per cent stake in Zee Entertainment Enterprises (Zee) for Rs 2,092 crore. It sold about 74.32 million shares at Rs 281.46 apiece, showed data provided by stock exchanges. Morgan Stanley Asia bought 10.2 million shares for Rs 287 crore, while Segantii India bought 9.9 million shares for Rs 278, data showed.
Shares of Zee declined 2.1 per cent to end at Rs 285.
Invesco had said in a statement on Wednesday had said the purpose of the sale was to align its three funds’ exposure to Zee with other funds and
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