Zee’s Shareholder Invesco to Sell 7.8% stake in Zee Via Block Deal Today

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US investment firm Invesco, which was until recently locked in a boardroom battle with Zee Entertainment Enterprises Ltd, has decided to reduce its stake in the latter via a block deal on April 7. Invesco, which is currently Zee’s biggest shareholder and holds a total of 17.88 per cent stake along with OFI Global China Fund LLC, will offload up to 7.8 per cent of the equity. It will by selling 7.4 crore shares, which is worth around Rs 2,200 crore of the stock.

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