Government Pension Fund Global (Norway) sold 60,98,891 shares of Zee Entertainment Enterprises Limited for ₹44.36 Cr at ₹72.73 apiece in a bulk deal.
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.
