New Delhi: The Singapore government and the Monetary Authority of Singapore have sold nearly one percent of their stake in Zee Entertainment Enterprise. Now their stake in the company has come down to 5.93 percent. Both sold the company’s shares in the open market for about Rs 186 crore. In the information sent to the stock markets, the company has said that the GIC Private Limited, a unit of the Government of Singapore. And Singapore Monetary Authority (MAS) sold 93.30 lakh shares of Zee Entertainment on 20 August. This is equal to 0.97 percent stake.
While the Singapore government has sold 56,76,912 shares or a 0.59 percent stake, MAS has sold 36,53,266 shares. This is equal to 0.38 percent share. According to the closing price of the company’s shares in BSE at Rs 199.45, the deal works out to Rs 186 crore. Prior to the share sale, the Singapore government held 4.81 percent of the company and MAS had 2.10 percent or 6.91 percent of the total.
