Zee Entertainment Enterprises (ZEEL) has received government approval for a ₹418 crore foreign investment from OFI Global China Fund LLC, an Invesco-managed fund, marking the investor’s return to the broadcaster nearly three years after exiting its stake.
According to data released by the Department for Promotion of Industry and Internal Trade (DPIIT), the investment relates to shares acquired during the January–March quarter of FY26 and was among 1,141 foreign direct investment (FDI) proposals approved during the period.
The development comes shortly after Zee’s board approved plans to raise at least ₹2,300 crore through one or more tranches to support strategic initiatives, strengthen its balance sheet, and accelerate growth across its digital and sports businesses.
Invesco had exited Zee in April 2023 following a prolonged corporate governance dispute. Through OFI Global China Fund LLC, the fund sold its 5.11% stake via block deals worth around ₹1,004 crore by offloading 49.1 million shares at ₹204.50 each.
At one point, Invesco was Zee’s largest shareholder, holding nearly an 18% stake after acquiring shares from the Goenka family. The investor had sought the removal of CEO Punit Goenka and pushed for changes to the company’s board. While it initially opposed Zee’s proposed merger with Sony Pictures Networks India, it later supported the transaction before exiting its investment.
The Zee-Sony merger was eventually called off in January 2024 after both companies failed to reach an agreement, including differences over the leadership of the combined entity. Since then, Zee has focused on restructuring operations, improving profitability, and exploring new growth opportunities, with the latest investment signalling renewed investor confidence in the media company’s long-term strategy.
