MUMBAI: Zee Entertainment Enterprises Ltd. (ZEEL) has received government approval for a Rs 418-crore (about $46.03 million) foreign investment from OFI Global China Fund LLC, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT).
The move marks the return of the Invesco-managed fund to the broadcaster’s shareholder base, nearly three years after it exited the company.
The move marks the return of the Invesco-managed fund to the broadcaster’s shareholder base, nearly three years after it exited the company.
According to DPIIT data, the investment was received under the foreign direct investment (FDI) route for acquisition of shares during the January-March quarter of FY26.
The proposal was among 1,141 such FDI proposals cleared by the department during the quarter.
The investment comes as Zee continues to navigate a challenging operating environment in its core television broadcasting business, while its digital business has reported operational profitability following cost rationalisation and revenue growth.
Invesco had exited Zee in 2023 after a prolonged corporate governance dispute.