Life Insurance Corporation of India (LIC) has bought additional two lakh equity shares in the Zee Entertainment Enterprises (ZEEL) via open market transactions on June 6. With this, LIC’s stake in the company stands increased to 5 per cent, up from 4.98 per cent earlier.
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.