Investors hit by Zee group stock crash, panicky MFs meet company officials

MFs have high exposure on debt side; Nearly Rs 50,000 cr public money at stake

Public shareholders, including mutual funds (MFs) and foreign portfolio investors (FPIs), have been hit hard by the crash in stock prices of Zee group companies. Panicked MFs met with the officials of the beleaguered group to take stock of the situation, said sources.
 
Domestic fund houses have high exposure to the group companies both on the equity as well as debt side.
 
Flagship group company Zee Entertainment Enterprises, part of the benchmark Nifty index, has MF equity holding of Rs 1,850 crore, while FPI holding of over Rs 12,700 crore, an analysis of shareholding data shows. More importantly,