Zee Entertainment Enterprises on Thursday said that OFI Global China Fund LLC has consolidated its stake in the media company with the acquisition of an additional 1.37 crore equity shares.
OFI Global China Fund LLC, which already holds 8.7 per cent stake in Zee Entertainment Enterprises Ltd, has acquired over 13,749,266 crore additional equity shares amounting to 1.431 per cent stake in the media company.
"Pursuant to this acquisition, the shareholding of the acquirer (OFI Global China Fund LLC) along with persons acting in concert with it has increased by 2 per cent of the total shareholding of the company from the last disclosure made for the acquisition on September 9, 2019." Zee Entertainment Enterprises said in a regulatory filing.
Following the acquisition the shareholding of OFI Global China Fund LLC increased to 10.99 per cent, the filing added.
Meanwhile, Cyquator Media Services Private Limited, a promoter entity of
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