Government Pension Fund Global (Norway) decreased its stake in Zee Entertainment Enterprises Limited from 3.13% to 3.01% by selling 1,099,312 shares. The transaction was valued at approximately ₹11.49 crore, with an approximate price of ₹104.57 per share.
A leading Indian media and entertainment company engaged in broadcasting satellite television channels across multiple genres and languages to audiences nationwide. The company operates as a space-selling agent for other satellite channels and generates revenue through the sale of media content including program rights, film rights, feeds, and music rights. Zee Entertainment operates as a vertically integrated player in India's broadcasting and content production ecosystem.
Norway's sovereign wealth fund, managed by Norges Bank Investment Management. World's largest SWF with over USD 2 trillion in assets, invested across 8,700+ companies globally including Indian equities.
