Zee Entertainment Clarifies FDI News Report, Denies OFI Global China Fund LLC Investment
Zee Entertainment Enterprises Ltd has issued a clarification regarding a news item published in 'economictimes.indiatimes.com', specifically addressing reports concerning Foreign Direct Investment (FDI) and shares performance.The company clarified that it does not know the basis of the news article, which mentioned that "Zee Entertainment shares jump 6% after Rs. 418 crore FDI approval."
In response to the publication, Zee Entertainment Enterprises Ltd stated that there was no investment by OFI Global China Fund LLC in the Company during the period referenced in the original report.
ZEEL Stock Price Movement
On Wednesday, shares of Zee Entertainment Enterprises Limited rallied, settling at ₹108.31 after surging 4.53% from the previous close.The equity saw significant activity, trading within a range defined by a day high of ₹112.25 and posting a volume of 65.73 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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