|
MUMBAI:
Life Insurance Corporation of India (LIC) has increased its
stake in Zee Entertainment Enterprises Ltd. (Zeel) to 7.08
per cent through a series of market purchases.
LIC
bought 2.71 per cent of Zeel shares this year to up its stake
in the Subhash Chandra-promoted entertainment company to 7.08
per cent.
In
September last year, LIC bought 0.16 per cent of Zeel's shares
in the open market to take its holding in the company to 5.06
per cent.
Zeel's
shares were up 1.11 per cent to close Monday at Rs 242.20
on the BSE.
Zee
Group's distribution businesses have been taking a beating
on the bourses over a longer period. Wire & Wireless
India Ltd (WWIL) and Dish TV were, however, marginally up
on Monday. While WWIL ended at Rs 35.10 (up 0.29 per cent),
Dish TV was at Rs 48.30 (up 2.44 per cent).
Zee
News Ltd. was also up 1.32 per cent to close Monday at Rs
49.75.
|
