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Shareholders in Zee reject promoter plan to raise stake
Mint Chennai
|July 11, 2025
Shareholders of Zee Entertainment Enterprises Ltd on Thursday rejected a proposal that would have allowed the media company's promoters to increase their stake over four-fold from 3.99% they currently hold.
As many as 60% of the votes cast at the annual general meeting were in favour of the proposal to issue warrants to two promoter entities of the company, falling short of the 75% required to pass muster.
Upon conversion, the warrants would have helped increase the promoters led by Subhash Chandra to increase their shareholding to 18.39%.
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