Top Story


Home >> International >> Article

Zee Telefilms promoters sold 25 lakh shares to FII

Font Size   16
Zee Telefilms promoters sold 25 lakh shares to FII

Zee Telefilms promoters on Friday sold 25 lakh shares at an undisclosed price to a foreign institutional investor (FII) to repay funds borrowed from the company for acquiring shares of B4U and AB Corp.

Market sources said that this block deal of 25 lakh shares was done on the National Stock Exchange (NSE) at a price of Rs 106.50 per share, amounting to around Rs 26.62 crores.

Zee also did not mention the FII who purchased these shares. The proceeds of the sale of 25 lakh shares would be paid back to Zee Telefilms upon settlement, further reducing the promoters liabilities.

The promoters owed Rs 110 crores, after returning to Zee Telefilms in two tranches of Rs 60 crores and Rs 50 crores by placing 50 lakh shares. The balance amount out of a total liability of Rs 220 crores will be paid soon.

With the placement of 25 lakh shares, Zee’s promoters stake has gone down by 0.6 per cent, from the current holding of 59 per cent stake in the company. The FII holding stands at 22 per cent.

On Friday, the Zee counter witnessed huge trading volumes on both the NSE and The Stock Exchange, Mumbai (BSE).


Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

Shaan Raza, Deputy Managing Director, Optimise, spoke to exchange4media about their journey since inception and their new technology, TrackingX, which they are planning to launch in India by February...

Meanwhile, Radio City and Radio Mirchi ruled Bangalore and Kolkata respectively

The Indian out-of-home advertising company selects Edge1's ERP software platform to automate their OOH business