HDFC Mutual Fund (MF) has sold 3.15 per cent stake in media and entertainment firm Zee Media Corporation for over Rs 26 crore. The fund house sold 1.48 crore shares in the open market on July 9 and based on the closing stock price of Rs 17.70, the transaction value is estimated at Rs 26.26 crore.
HDFC Mutual Fund, which had a 5.05 stake earlier, brought down its shareholding in the company to 1.89 per cent.
Zee Media Corporation (ZMCL), formerly known as Zee News, broadcasts 10 news channels including two national ones - Zee News and Zee Business.
| Company Name | CMP |
|---|---|
| Zee Entertainment | 95.08 |
| Sun TV Network | 574.00 |
| GTPL Hathway | 69.01 |
| Network 18 Media Inv | 34.43 |
| TV Today Network | 124.20 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: