June 3, 2014 / 4:02 AM / 3 years ago

MARKET EYE -India's Zee Entertainment surges; RBI lifts FII limit

* Shares in India's Zee Entertainment Enterprises gain
4 percent after the Reserve Bank of India on Monday said foreign
institutional investors can purchase up to 100 percent of stake
in the company, up from the earlier limit of 49 per cent.
* The approval was based on the proposal approved by the board
of directors of the company on May 22, 2013 and by the
shareholders on July 25, 2013, the company said in a filing on
Monday.

 (abhishek.vishnoi@thomsonreuters.com /
abhishek.vishnoi.thomsonreuters.com@reuters.net)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below