Invesco offloaded 5.11% stake in ZEEL at an average price of ₹204.50 apiece, which was acquired by Goldman Sachs Singapore, Morgan Stanley Asia Singapore, and Segantii India Mauritius.
SEBI's investigation concluded that the launch of Zeeplex was Unpublished Price Sensitive Information (UPSI) which had not been considered as such by ZEE.
In January this year, the artistes’ body filed a petition at the NCLT to initiate an insolvency process against Zee Entertainment, seeking payment of ₹211.41 crore.
The stock had fallen 15% in the last six sessions after the NCLT last week allowed initiation of insolvency proceedings against the Essel Group company.
The NCLT has admitted a petition filed by IndusInd Bank after ZEEL failed to fulfil its debt obligations regarding payment of ₹83 crore loan issued to Siti Networks.