Relief for India’s Zee as investor hikes stake

US-based investment management company Invesco Oppenheimer has increased its shareholding in Zee Entertainment Enterprises Limited, a unit of Essel Group, by picking up an 11% promoter’s stake for 42.24 billion rupees (US$ 608 million). Invesco Oppenheimer previously held a 7.74% stake in Zee. Now it has risen to 18.74%. Essel Group, an Indian conglomerate with […]