Invesco returns to Zee as government clears Rs 418 crore FDI

Data released by the DPIIT shows that the investment pertains to share purchases made during the January-March quarter of FY26

by e4m Staff
Published: Jun 30, 2026 1:32 PM | 1 min read

Zee Entertainment Enterprises has received government approval for a Rs 418 crore foreign direct investment from OFI Global China Fund LLC, marking the investor's return after nearly three years.
The investment relates to share purchases made in the January-March quarter of FY26 and is part of 1,141 foreign investment applications approved by the government.
This development follows Zee's plan to raise at least Rs 2,300 crore through equity-linked instruments to enhance its long-term growth strategy, focusing on digital platforms and sports.
OFI Global China Fund LLC had previously exited its 5.11% stake in Zee in April 2023, following a contentious corporate governance dispute with the company.

Zee Entertainment Enterprises has secured government clearance for a Rs 418 crore foreign direct investment by OFI Global China Fund LLC, signalling the return of the Invesco-managed investor to the media company's shareholding after an absence of nearly three years.

Data released by the Department for Promotion of Industry and Internal Trade (DPIIT) shows that the investment pertains to share purchases made during the January-March quarter of FY26. The proposal was among 1,141 foreign investment applications approved by the government during the period.

The development follows Zee's recent decision to raise a minimum of Rs 2,300 crore through equity-linked instruments to support its long-term growth strategy, with investments planned across key business areas including digital platforms and sports, while further reinforcing its financial position.

Invesco had fully exited its holding in Zee in April 2023, ending a contentious chapter marked by a prolonged corporate governance battle with the broadcaster. At the time, OFI Global China Fund LLC divested its entire 5.11% stake through block transactions valued at approximately Rs 1,004 crore, selling 49.1 million shares at Rs 204.50 each.