ICICI Prudential MF dumps 2% ZEE stake following Sony-merger collapse

ICICI Prudential MF dumps 2% ZEE stake following Sony-merger collapse

ICICI Prudential Mutual Fund has sold a partial stake in Zee Entertainment amid a price crash following the termination of a merger with Sony. According to an exchange filing, I-Pru MF has sold 2.06 crore shares or 2.15% stake between January 20 and January 30 in a series of secondary market transactions. At the end … Read more

ZEE shares take a tumble as Invesco still wants Goenka out as CEO & MD

ZEE shares take a tumble as Invesco still wants Goenka out as CEO & MD

NEW DELHI: Shares of nosedived around 3% in early trade on Monday as the company’s largest investor, Invesco, repeated its call for an extraordinary general meeting to discuss the removal of three directors and inclusion of six independent board members. The development, a sign of continued struggle for control of the company, sent the scrip … Read more