Invesco Oppenheimer picks up 11% stake in Zee Entertainment for Rs 4,224 crore

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Ending eight-and-a-half month search for the best suitor, the promoters of Zee Entertainment Enterprises (ZEE) have zeroed in on US-based financial investor, Invesco Oppenheimer Developing Markets Fund, to sell 11% of their stake in the company for a consideration of Rs 4,224 crore. Registered with the US Securities & Exchange Commission, the fund has been a financial investor in ZEE since 2002 and currently owns 7.7% stake in the company.

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Watch Invesco Oppenheimer picks up 11% stake in Zee Entertainment for Rs 4,224 crore With HD Quality.

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    Ending eight-and-a-half month search for the best suitor, the promoters of Zee Entertainment Enterprises (ZEE) have zeroed in on US-based financial investor, Invesco Oppenheimer Developing Markets Fund, to sell 11% of their stake in the company for a consideration of Rs 4,224 crore. Registered with the US Securities & Exchange Commission, the fund has been a financial investor in ZEE since 2002 and currently owns 7.7% stake in the company.

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