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Rare Enterprises, BofA Securities buy shares of Zee Entertainment Enterprises

Rare Enterprises' purchase value stood at Rs 110.22 crore while that of Bofa Securities Europe SA was Rs 114.92 crore

Ace investor Rakesh Jhunjhunwala's -- Rare Enterprises and BofA Securities Europe SA have bought shares of Zee Entertainment Enterprises worth over Rs 225 crore through open market transactions.

Rare Enterprises bought 50 lakh scrips at Rs 220.44 per share through bulk deal transactions on NSE. BofA Securities Europe SA purchased 48.65 lakh shares at an average price of Rs 236.2 apiece. Rare Enterprises' purchase value stood at Rs 110.22 crore while that of Bofa Securities Europe SA was Rs 114.92 crore.

Zee Entertainment Enterprises is one of India’s leading television media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world.