Monday, September 20, 2021
HomeBanking and financeZee Entertainment shares continue to rally, jump 15%

Zee Entertainment shares continue to rally, jump 15%


NEW DELHI: Shares of continued to rally on Wednesday and additional jumped 15 per cent after Rakesh Jhunjhunwala‘s Rare Enterprises and BofA Securities Europe SA purchased its shares by way of open market transactions.

The inventory gained 12.86 per cent to its 52-week excessive of Rs 295.15 on BSE.

At NSE, it zoomed 14.98 per cent to its 52-week excessive of Rs 300.75.



Shares of Zee Entertainment Enterprises Restricted on Tuesday zoomed 40 per cent after two funding companies sought the removing of the present Managing Director Punit Goenka from the board of the corporate.

Ace investor Jhunjhunwala’s Uncommon Enterprises Ltd and BofA Securities Europe SA on Tuesday purchased shares of Zee Leisure Enterprises price over Rs 225 crore by way of open market transactions.

Uncommon Enterprises purchased 50 lakh scrips at Rs 220.44 per share by way of bulk deal transactions on NSE. BofA Securities Europe SA bought 48.65 lakh shares at a mean value of Rs 236.2 apiece.

Uncommon Enterprises’ buy worth stood at Rs 110.22 crore, whereas that of Bofa Securities Europe was Rs 114.92 crore.

BofA Securities Europe SA – Odi is a public shareholder of Zee Leisure and held a 1.03 per cent stake on the finish of the June 2021 quarter.



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