ZEEL Enhances Promoter Stakes with Rs 2,237.44 Crore Fundraising

Zee Entertainment shares in focus as promoters to infuse Rs 2,237 crore; brokerages in 'wait and watch' mode

The infusion of funds from the promoters will enable ZEEL to fortify its core business segments and strengthen its financial foundation, said the firm.

Zee Entertainment to raise Rs 2,237.44 cr from promoter group entities, issue convertible warrants

Media Investment: Zee Entertainment to raise ₹2,237 Cr from promoter entities via preferential warrants, boosting promoter stake to 18.4%.

Promoters to Infuse Rs 2,237 Cr Via Warrants in Zee Entertainment, Promoters' Stake to Rise to 18.39 Pc

Get latest articles and stories on Business at LatestLY. Zee Entertainment Enterprises Ltd. (ZEEL) on Monday approved Rs 2,237 crore fund infusion by its promoter group through the issuance of fully convertible warrants at Rs 132 per warrant. Business News | Promoters to Infuse Rs 2,237 Cr Via Warrants in Zee Entertainment, Promoters' Stake to Rise to 18.39 Pc.

ZEEL Enhances Promoter Stakes with Rs 2,237.44 Crore Fundraising

Zee Entertainment Enterprises Limited (ZEEL) plans to raise Rs 2,237.44 crore through promoter group entities, increasing promoter shareholding to 18.4%. This capital will help ZEEL fortify its core segments and explore growth opportunities in the media landscape. A future meeting seeks shareholder approval for the warrant issuance.

Zee promoters to hike stake to 18%

Zee promoters to raise stake to 18.39% via Rs 2,237 crore preferential issue, signaling long-term commitment. Move aligns with Zee’s transformation into a content-tech firm. Shareholder approval awaited as Zee explores growth via partnerships and tech-driven initiatives.