The Singapore government and Monetary Authority of Singapore (MAS) have hiked their total holding in Zee Entertainment Enterprises (ZEEL) to 8.44 percent by acquiring shares through secondary market placement. GIC on account of the Government of Singapore (GOS) and Monetary Authority of Singapore (MAS) acquired a total of 2.85 crore shares, amounting to a 2.967 percent stake in ZEEL on November 21.
GOS acquired 1,44,76,963 shares aggregating 1.507 per cent stake, while MAS acquired 1,40,23,037 shares accounting for 1.46 per cent shareholding.
Zee Entertainment Enterprises is one of India’s leading television media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world.
