ICICI Prudential Mutual Fund has sold over 12.66 lakh shares of Zee Entertainment Enterprises Limited (ZEEL), with the shareholding now decreasing to over two percent now.
ZEEL in an exchange filing said, "ICICI Prudential Mutual Fund under its various schemes holds equity shares of Zee Entertainment Limited. The Fund under its schemes has carried out net sale of 12,66,929 shares of the company on August 28, 2024. As a result, the shareholding of the Fund has decreased more than 2% of the paid-up capital of the company."
The fund had 5.09 percent stake as per its January 31, 2024 disclosure.
The schemes of the Fund have carried out net sale of 1,95,30,335 shares of the company from the last filing submitted on January 31, 2024.
ZEEL shares have declined nearly 50 percent this year so far on the BSE.
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