ICICI Prudential MF pares down stake in Zee Entertainment

ICICI Prudential Mutual Fund has reduced its stake in Zee Entertainment Enterprises by selling 12,66,929 shares, bringing its total stake down to 3.05% from 5.08% since January. The sale coincides with Zee resolving merger disputes with Sony Pictures Networks India. Zee's share price closed at Rs 140.80, down 1.05%.