Zee Ent is a 'hit'
By Research Desk
about 11 years ago
Zee Entertainment is up in the green today morning, opening higher at Rs.280.50, from yesterday’s close of Rs.265.40. It hit an intra day high at Rs.282.70 and currently remains around 4% up.
The stock is reacting to the news which came in yesterday after market closure. Yesterday evening RBI notified the company that FIIs can now invest up to 100%, revised upwards from the earlier limit of 49% of the paid capital of Zee Entertainment under the portfolio investment scheme.
As at 31st March 2014, promoters stake was at 43.07% , FIIs higher than promoters at 47.94% and DIIs held 3.43%.