Las acciones de Zee Ent caen un 10% mientras Rel MF vende la participación.

MUMBAI: The Price Of The Action Zee Entertainment , The Company Badge Of Troubled Group, Crashed In The Market On Wednesday After Mutual Trust Fund He Sold All His Participation In The Company, With An Approximate Value Of 400 Million Rupees, In The Open Market, Sources Said.

The Action Fell Over 10% In Intra-day Trade And Finally Settled 9.7% Lower At Rs 333.

As Of December 31, 2018, Reliance MF Was Holding Zee Entertainment Worth About Rs 430 Crore, According To Data From Morningstar.

The Fund Industry's Total Exposure To The Company Was Nearly Rs 8,000 Crore. A Reliance Group Spokesperson Declined To Comment About The Stake Sale By Reliance MF.

From The End Of January To The Beginning Of February, The Promoters Of The Zee Group Had Signed Agreements With A Large Number Investment Funds And Other Lenders - Which Had Shares Of Group Companies As Collateral For Those Debt - To Not Sell Their Shares For About Six Months. During The Same Time, The Promoters Pledged To Sell Stakes In Group Companies To Raise Money To Pay Back The Fund Houses. Reliance MF Was The Only Fund House That Did Not Sign The Agreement.

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