Singapore govt, monetary authority trim stake in Zee Entertainment

The Singapore government and Monetary Authority of Singapore have sold almost one per cent of their total holding in Zee Entertainment Enterprise (ZEEL) to 5.93 per cent for an estimated sum of over Rs 186 crore by selling shares 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 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.