Promoter sells stake worth Rs 825 cr in ZEEL

Zee Entertainment Enterprises Ltd (ZEEL) promoter Essel Holdings today sold 1.44 per cent stake in the media firm for a little over Rs 825 crore through an open-market transaction.

According to the bulk deal data available with the BSE, Essel Holdings offloaded 1.39 crore shares, 1.44 per cent stake in ZEEL.

The shares were disposed of at an average price of Rs 595.13 apiece, translating into a transaction size of Rs 825.15 crore, the data showed.

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The buyer(s) of the shares could not be ascertained immediately.

As of December quarter, Essel Holdings held 4.64 crore shares in the media firm.

ZEEL stock settled for the day on BSE at Rs 593.80, down 2.52 per cent from the previous close.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)