20
Tuesday
October 2020
8:55 PM IST
News Headlines
ED grills Farooq Abdullah for six hours in JKCA graft case, People''s Alliance says it''s vendetta        NCW seeks explanation from Kamal Nath for his remarks against MP minister        Imran Khan incapable and clueless; betrayed people of Pakistan: Opposition leaders        Nawaz Sharif''s son-in-law arrested in Pakistan        Kerala''s Covid tally touches 3.33 lakh with 5,022 fresh cases        HC restrains Customs from arresting Sivasankar till Oct 23, suspended officer discharged from hospital        Buttler, bowlers guide RR to seven-wicket win over CSK        Punjab beat MI in second Super Over        Saina, Sindhu's biggest Graffiti in India unveiled        Trump leans into fear tactics in bid to win Midwest states        US polls: New Congress could have more Indian Americans to the House Advertisement        Active COVID-19 cases below 8 lakh for 2nd day in row; recovery rate 88.03 pc        Flood situation grim in parts of Telangana, Karnataka        Dalit woman gang-raped at gunpoint in UP        Army pressed into service in 4 flood-hit Karnataka dists; CM to undertake aerial survey        Pakistan pacer Umar Gul announces retirement from all forms of cricket        HDFC Bank Q2 net profit rises 16% to Rs 7,703 cr        Biden warns Trump wants to scrap health law        BJP govt has surrendered in front of criminals: Akhilesh        Rahul Gandhi, Capt Amarinder vow to force centre to revoke black farm laws        
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Business News
Singapore govt, monetary authority trim stake in Zee Entertainment
 
New Delhi, Aug 24 (PTI) The Singapore government and Monetary Authority of Singapore have cut almost one per cent of their total holding in Zee Entertainment Enterprise (ZEEL) to 5.93 per cent by selling shares worth over Rs 186 crore in the open market.

According to a regulatory filing by the company, GIC Pvt Ltd on account of Government of Singapore (GOS) and Monetary Authority of Singapore (MAS) sold a total of 93.30 lakh shares, amounting to approximately 0.97 per cent stake in ZEEL on August 20.

While GOS sold 56,76,912 shares aggregating 0.59 per cent stake, MAS sold 36,53,266 shares accounting for 0.38 per cent shareholding, the company said.

Based on the closing price of Rs 199.45 per share on BSE on the day of share sale, the transaction is estimated to be valued at over Rs 186 crore.

Prior to sale, GOS held 4.81 per cent stake, while MAS' stake stood at 2.10 per cent aggregating to a total of 6.91 per cent, as per the filing.

Last week, ZEEL had reported a consolidated net profit of Rs 29.28 crore for the first quarter ended June 30, 2020, as against a net profit of Rs 529.76 crore in April-June quarter a year ago.

Its total income during the quarter under review was Rs 1,338.41 crore. It was Rs 2,112.03 crore in the corresponding quarter last year. According to the company, the impact on earnings was primarily due to restrictions caused by COVID-19 on business activities.

Shares of ZEEL were trading 3.07 per cent higher at Rs 198.05 apiece on BSE.


HDFC Bank Q2 net profit rises 16% to Rs 7,703 cr
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KERALA NEWS
Kerala''s Covid tally touches 3.33 lakh with 5,022 fresh cases
 Thiruvananthapuram: Kerala on Monday recorded 7,469 recoveries and 5,022 new COVID-19 cases, pushing  
Jnanpith awardee Akkitham Achuthan Namboothiri dead
Kerala''s COVID-19 count crosses three lakh mark with 8,764 fresh cases
NCP welcomes Mani to LDF but not at cost of Pala seat
INTERNATIONAL NEWS
Imran Khan incapable and clueless; betrayed people of Pakistan: Opposition leaders
 Karachi: Prime Minister Imran Khan is "incapable and clueless", and his government is worse than a d
Nawaz Sharif''s son-in-law arrested in Pakistan
Trump leans into fear tactics in bid to win Midwest states
US polls: New Congress could have more Indian Americans to the House Advertisement
NATIONAL NEWS
ED grills Farooq Abdullah for six hours in JKCA graft case, People''s Alliance says it''s vendetta
 Srinagar: The Enforcement Directorate on Monday questioned National Conference president Farooq Abdu
NCW seeks explanation from Kamal Nath for his remarks against MP minister
Active COVID-19 cases below 8 lakh for 2nd day in row; recovery rate 88.03 pc
Flood situation grim in parts of Telangana, Karnataka
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