Zee shareholders approve a ₹ 2 ,000-crore fundraise

Shareholders of Zee Entertainment Enterprises (ZEE) have passed the resolution for issuance of securities for an amount not exceeding ₹2,000 crore with requisite majority. Shareholder approval for the proposal comes nearly a month after the Zee board gave its in-principle approval to raise up to ₹2,000 crore through the issuance of shares or any other eligible securities.

Informing the exchanges, the firm said, “The remote e-voting process concluded today — Monday, July 15 at 5:00 p.m. (IST). Based on the report of the Scrutiniser, we hereby inform you that the shareholders of the company have duly passed the resolution for issuance of securities for an amount not exceeding ₹2,000 crore with requisite majority.”