New Delhi, May 12 (PTI) Plutus Wealth Management on Friday bought shares of Zee Entertainment Enterprises for Rs 120 crore through an open market transaction.

Mumbai-based Zee Entertainment Enterprises Ltd (ZEEL) is a media and entertainment company.

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According to the bulk deal data available with the National Stock Exchange (NSE), Plutus acquired 65 lakh shares of ZEEL.

The shares were acquired at an average price of Rs 184.63 apiece, taking the transaction value to Rs 120 crore.

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However, seller(s) of the shares could not be identified.

On Friday, shares of ZEEL fell 2.86 per cent to close at Rs 186.60 per piece on the NSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)