Jhunjhunwala makes ₹67 cr gain on 50 lakh Zee Entertainment shares in 6 days

Rakesh Jhunjhunwala has made a gain of ₹67.45 crore in six days through an investment made in Zee Entertainment Enterprises Ltd (ZEEL) by his firm RARE Enterprises. The billionaire's firm bought 50 lakh shares at ₹220.44 apiece on September 14 amid a boardroom battle at ZEEL. The company's shares peaked at ₹355.35 on Wednesday following the Zee Entertainment-Sony merger announcement.