HSBC Investments ups stake in Zee to over 5 %

MUMBAI: HSBC Investments (Hong Kong) Ltd has acquired 4,450,000 shares of Zee Telefilms Ltd on 29 September, taking its total holding in the company to 5.05 per cent (20,843,466 shares).

HSBC Investments did the transaction through HSBC Global Investment Funds (Mauritius) Limited and PAC HSBC Investments (Hong Kong) Limited, according to an announcement made in the National Stock Exchange.

The mode of acquisition is through market purchase.