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Promoters of Zee to up stake via pref issue
Mint New Delhi
|June 17, 2025
The promoters of Zee Entertainment Enterprises Ltd are set to increase their stake in the company to 18.39% through a preferential allotment of fully convertible warrants worth ₹2,237.4 crore, as the media firm looks to shore up its financial foundation and accelerate its pivot to a content-tech-led growth strategy.
The Zee board, after two rounds of meetings on Sunday, approved the issuance of up to 169.5 million warrants to promoter group entities at ₹132 per warrant, higher than the regulatory floor price of ₹128.58, according to a company statement. The promoter group, led by Subhash Chandra, currently owns
This story is from the June 17, 2025 edition of Mint New Delhi.
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