Around 142.87 million equity shares (representing 14.87 per cent stake of ZEEL) changed hands on the NSE through block deals, the exchange data shows.
Its profit before tax declined 22 per cent year on year (YoY) to Rs 504 crore for Q2.
The move comes with the promoters getting the much-needed extension of up to six months to pay their dues from most of the mutual funds
A Delhi High Court-appointed arbitrator has asked Essel Group chairman Subhash Chandra not to sell his unpledged stake in ZEE till next month in an ongoing dispute with Indiabulls Housing Finance.
It has neither got the money nor a strategic investor. Zee's disappointing deal with Invesco, however, could be a precursor to a better strategic foray
Stake sale meets only 38% of outstanding loans of promoter group
We would have liked it to be Comcast too but this is a better deal because it was meeting my timelines, says Punit Goenka
The company reported 54 per cent year-on-year jump in its consolidated net profit to Rs 530 crore in June quarter
The steep falls in Zee provoked several lenders to dump over Rs 500 crore worth of pledged shares in panic
In the early trade, ZEE Entertainment Enterprises jumped as much as 14.29 per cent to Rs 365 apiece on BSE.
The stock was up 3 per cent to Rs 463 on the BSE in intra-day trade ahead of October-December 2018 quarter results today.
The stock dipped 6% to Rs 474 on the BSE in intra-day trade, its sharpest decline since October 5, 2018.
The stock was trading flat at Rs 437 on BSE at 02:28 pm, it hit a high of Rs 470 and a low of Rs 420 in intra-day trade so far.
Zee Entertainment Enterprises plunged 9.5% to Rs 436 in early morning trade on the NSE.
Rollover of 82% with positive roll cost suggests an up move
Rollover of 82% with positive roll cost suggests an up move
However, March quarter saw soft international revenues eclipse recovery in those from domestic ads
The stock was down 3.7% to Rs 527 on BSE in intra-day trade, extending its previous day's nearly 4% fall.
The stock rallied 5% to Rs 438, trading nears to its 52-week high of Rs 440 on the BSE on October 21, 2015.