India's Zee rises most in nearly 3 weeks after report of Invesco investment

Zee Entertainment Enterprises

01/07/2026 08:17

** Shares of Zee Entertainment Enterprises ZEE.NS rise 4% to 107.7 rupees, their biggest intraday pct-gain in ~3 weeks
** Broadcaster received govt approval for a 4.18 billion rupees ($44.13 million) investment from an Invesco-managed fund, the Economic Times reports citing govt data; investment would mark Invesco's return as shareholder after ~3 years
** Co has not disclosed the reported investment; NSE sought clarification
** Separately, ZEE's board will today decide on mode of the 23 billion rupees fund raise it approved last month
** Stock rated "hold" on avg; median PT 100 rupees - data compiled by LSEG
** Stock up 19.8% YTD
     
     
     
     
     
     
     
     


($1 = 94.7250 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))