Zee Ent stock falls almost 3% post large block deal

Shares of Zee Entertainment fell over 2% in trade today after a large block deal took place in the counter. The stock hit a day’s low of Rs 202.15 in the trade on Monday against its previous close of Rs 208.15. At market opening, around 5.5 crore shares changed hands worth Rs 1,119.7 crore in a block deal.

Marquee investor Oppenheimer was expected to sell a 5.6% stake in the co via a block deal at an average price of Rs 199.8-208.15 per share, CNBC-TV18 reported quoting sources.