Reserve Bank of India (RBI) has allowed up to 100% FII investment in Zee Entertainment. Following this, foreign institutional investors (FIIs) can now invest up to 100%, revised from earlier limit 49%, of the paid up capital of Zee Entertainment Enterprises under the portfolio investment scheme.
As on March 2014, promoter shareholding in the company was 43.07% while FIIs held 47.94% shares. FIIs, NRIs and PIOs (Persons of Indian Origins) can invest in primary and secondary capital markets in India through Portfolio Investment Scheme (PIS).
Zee Entertainment is India’s largest vertically integrated media and Entertainment Company. Its portfolio consists of brands like Zee TV, Zee Cinema, Zee Music, Zee Cafe, Zee Smile, Zee Action, Zee Premiere, ETC, ETC Punjabi, TEN Sports, Zee Studio, Zee Classic, Zee Trendz and Zee Sports.
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Tuesday, 3 June 2014
RBI allows 100% FII investment in Zee Entertainment
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