Promoters to infuse Rs 2,237 cr via warrants in Zee Entertainment, promoters’ stake to rise to 18.39 pc
Mumbai (Maharashtra) [India], June 16 (ANI): 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.
According to a release, this move will increase the promoter group’s stake in the company to 18.39 per cent, subject to shareholders’ approval.
The infusion by the promoters is intended to provide significant growth capital, bolster ZEEL’s balance sheet, and enable it to capitalise on emerging opportunities in the evolving media and entertainment landscape.
