While 25 per cent of the warrant price is to be paid upfront, the balance 75 per cent is to be paid on conversion
Zee Entertainment Enterprise shares jumped 3.5 per cent on plans to raise over ₹2,237 crore from the preferential issue of convertible warrants
Zee Entertainment Enterprise Ltd (ZEEL) on Monday said it plans to raise Rs 2,237.44 crore from promoter group entities, which will lead to an increase in promoter shareholding to 18.4 per cent.. The board of the company at its meeting held on Monday approved to "issue of up to 16.95 crore fully convertible warrants, for consideration to be received in cash" to Altilis Technologies and Sunbright Mauritius Investments, Promoter Group entities, on a preferential basis, said ZEEL. This fresh infusion of funds from promoters will enable the company to further fortify its core business segments and strengthen its financial foundation to explore value-accretive growth opportunities in the evolving Media & Entertainment landscape, it said. "The Promoters of the company will participate in the fund-raising exercise by investing Rs 2,237.44 crore for the company's next phase of growth, taking the total promoter shareholding to 18.39 per cent," said ZEEL. According to the company, the board
Promoter group to invest Rs 2,237 crore in ZEEL via preferential warrants, raising stake from 3.99 per cent to 18.39 per cent to support growth and strategic vision
Zee Entertainment shares were in demand after the company announced a strategic partnership with Bullet, a content and technology start-up co-founded by Azim Lalani and Saurabh Kushwah.
Zee Entertainment unveils new logos for all its brands at ZEE Cine Awards 2025, aiming to deliver premium content and embrace tech-driven growth with a bold, futuristic brand identity
Zee Entertainment reported a 14-fold rise in net profit for Q4FY25 despite a sharp drop in ad revenue, supported by portfolio rationalisation and syndication gains
Zee Entertainment Enterprise Ltd on Thursday reported a multi-fold jump in its consolidated net profit to Rs 188.4 crore in the January-March quarter, driven by effective cost management. It had a net profit of Rs 13.4 crore in the January-March quarter a year ago, according to a regulatory filing from Zee Entertainment Enterprise Ltd (ZEEL). Its total income was up 1.6 per cent to Rs 2,220.3 crore in the March quarter compared to Rs 2,185.3 crore in the same quarter of the previous financial year. In "Q4 FY25 growth led by subscription revenue & other sales & services," said ZEEL adding it "enhanced profitability despite a weak advertising environment." ZEEL's revenue from advertising was down 4.2 per cent to Rs 837.5 crore in the March quarter of FY 2024-25. "Domestic advertising revenue declined by 27 per cent YoY for the quarter due to slowdown in macro advertising environment, postponement of Zee Cine Award, busy sports calendar and higher base in Q4 FY24," said ZEEL in ..
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The sale agreement was registered on March 28, 2025, with the Telangana government authorities
The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed the plea of IDBI Bank which sought to initiate insolvency proceedings against Zee Entertainment. A two-member NCLAT bench upheld the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had earlier rejected the private lender's plea to initiate insolvency proceedings against Zee Entertainment Enterprises Ltd (ZEEL). However, the appellate tribunal granted liberty to IDBI Bank to move a fresh plea for default outside of the period mentioned in section 10A of the Insolvency & Bankruptcy Code. Section 10A mandates that no application for initiation of the corporate insolvency resolution process (CIRP) can be filed against any debtor by any financial and operational creditor for any default arising on or after March 25, 2020, for a period of one year. This special provision was inserted in the IBC by the government to help companies after economic activities had resumed post-lockdown
ZEE share price: In its base-case scenario, CLSA has pegged ZEE share price target at ₹170, an upside potential of 70 per cent from current levels
Says nothing is too late in the media and entertainment industry. If you get the content right, the audience will follow
The company's advertising revenue dropped by 8 per cent to Rs 940.6 crore in Q3FY25 on a Y-o-Y basis but increased by 4 per cent on a sequential basis
Zee Entertainment Q3FY25 results: Sequentially profit dropped by 22% and revenue rose by 4%
ZEE share news: The surge in ZEE shares today came on news that market regulator Sebi has rejected a settlement application filed by Zee Entertainment Enterprises and Punit Goenka
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NFRA found that ZEEL had misappropriated its money and made unauthorised transactions with related parties without the approval of the audit committee, the board, and shareholders
From the robust banking and financial services domain, Axis Bank and Nippon AMC make the cut. The auto industry sees Maruti Suzuki and Samvardhana Motherson International (SAMIL) in the spotlight
The shareholders of Zee Entertainment have rejected a proposal for the reappointment of Punit Goenka as director, as per its regulatory filing