InvestorQ : Is it true that Invesco has exited from Zee stake fully?
Dia Deshpande made post

Is it true that Invesco has exited from Zee stake fully?

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swati Bakhda answered.
1 month ago
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No they have not exited fully, but they have exited substantially. Invesco Developing Markets Fund, 10.14% and after selling 5.32 crore shares of Zee, its stake has halved. The peak holdings of Invesco Fund were over 18% and it is now at just about 5%. On Wednesday, the deal happened at the price of Rs263.70 per share. The price of Rs263.70 represents the upper price band at which Invesco wanted to execute the entire trade. The deal was executed through the OFI Global China Fund. Earlier in April 2022, Zee had offloaded shares worth Rs2,092 crore .

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