Zee Ent slips over 3% on Invesco block deal buzz; stock recoups soon

The counter saw trades of around 124 million shares in the first couple of minutes of trade

Zee Entertainment shares slipped 3.4 per cent to a low of Rs 281.10 in the intra-day trades on the NSE on Thursday amid heavy volume. Till 9:30 AM, 124.5 million shares had changed hands on the NSE and BSE.

According to reports, Invesco Developing Markets, the largest shareholder of Zee Entertainment Enterprises, was looking to sell 7.8 per cent stake worth Rs 2,200 crore in the entertainment major via block deals on Thursday.

The stock, however, recoped losses and rebounded into the positive zone