OFI Global China Fund LLC, which already holds 8.7 percent stake in Zee Entertainment Enterprises (ZEEL), has acquired over 13,749,266 crore additional equity shares amounting to 1.43 percent stake in ZEEL.
Pursuant to this acquisition, the shareholding of the acquirer (OFI Global China Fund LLC) along with persons acting in concert with it has increased by 2 percent of the total shareholding of the company from the last disclosure made for the acquisition on September 9, 2019. Following the acquisition the shareholding of OFI Global China Fund LLC increased to 10.99 percent.
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.
