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Time of India
17-06-2025
- Business
- Time of India
Zee Entertainment shares in focus on plans to raise Rs 2,237 crore from promoters via convertible warrants
Zee Entertainment Enterprises (ZEE) shares will be in focus on Tuesday after the company's board approved a Rs 2,237.44 crore capital infusion from promoter group entities through a preferential issue of convertible warrants . The board has cleared the issuance of up to 16.95 crore fully convertible warrants at Rs 132 per warrant — a premium to SEBI's minimum price of Rs 128.58 — on a preferential basis. This move, subject to shareholder approval, will raise the promoter group's stake in the company to 18.39%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Discover Effortless Glucose Monitoring: Request a Free Trial Dexcom Click Here Undo 'The Board insisted on a higher price and the promoters agreed to pay Rs 3.42 more per warrant,' the company said in a statement. Ads By Google Ad will close in 28 Skip ad in 3 Skip Ad Also Read: These 11 Nifty microcap stocks can rally 55-210% in the next 12 months The decision followed two board meetings held on Monday. In the first, investment bank J.P. Morgan India Pvt. Ltd. presented a detailed review of ZEE's growth strategy, discussing new initiatives and market sentiment. During the second meeting, the Board considered various strategic options and subsequently approved the promoter group's capital infusion to bolster the company's balance sheet. Live Events Also Read: Technical picks: Max Healthcare Institute, 360 ONE among 6 stocks that can rally up to 14% in near term Commenting on the development, R. Gopalan, Chairman of ZEE, said: 'The Board has deliberated upon the various alternatives discussed with J.P. Morgan and has conducted a thorough evaluation of the company's growth plans. The Board believes that the steps being implemented to enhance the promoter shareholding will ensure their added motivation to work in line with the enhanced business plan. 'The media and entertainment sector is evolving rapidly, leading to a shift in consumer preferences across the entertainment landscape. The investment by the promoters, coupled with the strong, ambitious growth initiatives planned by the management team, will ensure that ZEE remains well-positioned to accelerate its strategic plans to achieve its targeted aspirations.' Shubham Shree, speaking on behalf of the promoter group, said the intention to increase their shareholding was conveyed to the Board on 1 May 2025, when ZEE's share price was ₹106.35. 'They are committed to the company and its business even at this higher price,' he stated. Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside Previously, at a Board meeting held on 1 May, ZEE had approved the incorporation of three wholly owned subsidiaries as part of its business diversification strategy. On 8 May, the company also released a detailed investor presentation outlining its approved growth roadmap. At that meeting, the Board recommended appointing an investment banker to further assess the company's future strategy. As part of its transition into a leading content and technology powerhouse, ZEE has undertaken multiple initiatives to enhance its core operations and invest in high-potential emerging segments. The company recently announced a strategic investment in Bullet, a new-age content and tech start-up, to launch a micro-drama app aimed at younger audiences. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
16-06-2025
- Business
- Mint
Zee promoters to raise stake via ₹2,237 crore preferential issue
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 16.95 crore 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 4.28%. Investment bank JP Morgan had earlier presented strategic alternatives and reviewed Zee's medium-term growth initiatives. The move, subject to shareholder approval, aims to equip the company with long-term capital to fund its diversification and digital bets. It comes even as Zee continues to battle sluggish stock performance and navigates the fallout of its failed merger with Sony. The warrant issue marks the first major promoter-led capital infusion into Zee in several years. The promoters had submitted their intent to enhance shareholding on 1 May, when the stock traded at ₹ 106.35, the company disclosed. R. Gopalan, chairman of ZEEL, said the move will not only 'enhance the promoter shareholding' but also 'ensure their added motivation to work in line with the enhanced business plan.' He said the infusion will bolster Zee's balance sheet as it executes new strategic initiatives in the evolving media and entertainment space. Shubham Shree, representing the promoter group, reaffirmed their commitment despite the higher pricing. 'The promoters are committed to the company and its business even at this higher price.' Zee recently announced an investment in micro-drama app 'Bullet' and has launched three new subsidiaries to diversify its operations. In a May investor presentation, the company outlined its aim to become a content and technology powerhouse.
India.com
16-06-2025
- Business
- India.com
Zee Entertainment Enterprises Secures Rs 2,237 Cr Funding Through Promoter Warrant Issue
In a move to bolster its financial foundation and drive strategic growth in the content and technology sectors, the Zee Entertainment Enterprises Ltd has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities at Rs 132 each, raising Rs 2,237 crore. Zee Entertainment Enterprises Ltd. (ZEEL) has announced a significant financial move to strengthen its position in the evolving media landscape. The company's Board of Directors has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities on a preferential basis, priced at Rs. 132 per warrant. This strategic decision aims to raise a total of Rs. 2,237 crore, enhancing the company's financial foundation and supporting its growth initiatives in the content and technology sectors. In a series of meetings held today, investment bank J.P. Morgan India Pvt. Ltd. presented an assessment of ZEE's growth plans and strategic initiatives. The discussions highlighted the importance of strengthening the company's balance sheet to prepare for future investments and capitalize on emerging opportunities. Following these deliberations, the Board approved the preferential issue of warrants, which, upon conversion, will increase the promoter group's shareholding in ZEE to 18.39 per cent. The promoters have committed to investing Rs. 2,237 crore in this fundraising exercise, reflecting their confidence in the company's strategic direction. Commenting on the development, Mr. R. Gopalan, Chairman of ZEE Entertainment Enterprises Ltd., stated, "The Board has thoroughly evaluated various strategic alternatives and believes that enhancing promoter shareholding will align their interests with the company's growth objectives. This move positions ZEE to accelerate its transformation into a leading content and technology powerhouse." However, the preferential issue is subject to shareholders' approval. If approved, the funds raised will be utilised to fortify ZEE's core business segments and explore value-accretive growth opportunities in the media and entertainment industry.
Economic Times
16-06-2025
- Business
- Economic Times
Promoters to inject Rs 2,237 crore into Zee as board backs growth plan
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Board of Directors of Zee Entertainment Enterprises (ZEE) has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities on a preferential basis at ₹132 per warrant, raising a total of ₹2 ,237.44 crore. The move is aimed at strengthening the company's financial base and accelerating its strategic ambitions in the content and technology preferential allotment, which is subject to shareholder approval, will raise the promoter group's stake to 18.39%. Notably, the issue price exceeds the SEBI-prescribed minimum of ₹128.58 per warrant. 'The Board insisted on a higher price and the promoters agreed to pay ₹3.42 more per warrant,' the company decision followed two board meetings held earlier in the day. In the first, investment bank J.P. Morgan India Pvt. Ltd. presented a detailed review of ZEE's growth strategy, discussing new initiatives and market sentiment. During the second meeting, the Board considered various strategic options and subsequently approved the promoter group's capital infusion to bolster the company's balance on the development, R. Gopalan, Chairman of ZEE, said: 'The Board has deliberated upon the various alternatives discussed with J.P. Morgan and has conducted a thorough evaluation of the company's growth plans. The Board believes that the steps being implemented to enhance the promoter shareholding will ensure their added motivation to work in line with the enhanced business plan.'The media and entertainment sector is evolving rapidly, leading to a shift in consumer preferences across the entertainment landscape. The investment by the promoters, coupled with the strong, ambitious growth initiatives planned by the management team, will ensure that ZEE remains well-positioned to accelerate its strategic plans to achieve its targeted aspirations.'Shubham Shree, speaking on behalf of the promoter group, said the intention to increase their shareholding was conveyed to the Board on 1 May 2025, when ZEE's share price was ₹106.35. 'They are committed to the company and its business even at this higher price,' he at a Board meeting held on 1 May, ZEE had approved the incorporation of three wholly owned subsidiaries as part of its business diversification strategy. On 8 May, the company also released a detailed investor presentation outlining its approved growth roadmap. At that meeting, the Board recommended appointing an investment banker to further assess the company's future part of its transition into a leading content and technology powerhouse, ZEE has undertaken multiple initiatives to enhance its core operations and invest in high-potential emerging segments. The company recently announced a strategic investment in Bullet, a new-age content and tech start-up, to launch a micro-drama app aimed at younger audiences.
Time of India
16-06-2025
- Business
- Time of India
Promoters to inject Rs 2,237 crore into Zee as board backs growth plan
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Board of Directors of Zee Entertainment Enterprises (ZEE) has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities on a preferential basis at ₹132 per warrant, raising a total of ₹2 ,237.44 crore. The move is aimed at strengthening the company's financial base and accelerating its strategic ambitions in the content and technology preferential allotment, which is subject to shareholder approval, will raise the promoter group's stake to 18.39%. Notably, the issue price exceeds the SEBI-prescribed minimum of ₹128.58 per warrant. 'The Board insisted on a higher price and the promoters agreed to pay ₹3.42 more per warrant,' the company decision followed two board meetings held earlier in the day. In the first, investment bank J.P. Morgan India Pvt. Ltd. presented a detailed review of ZEE's growth strategy, discussing new initiatives and market sentiment. During the second meeting, the Board considered various strategic options and subsequently approved the promoter group's capital infusion to bolster the company's balance on the development, R. Gopalan, Chairman of ZEE, said: 'The Board has deliberated upon the various alternatives discussed with J.P. Morgan and has conducted a thorough evaluation of the company's growth plans. The Board believes that the steps being implemented to enhance the promoter shareholding will ensure their added motivation to work in line with the enhanced business plan.'The media and entertainment sector is evolving rapidly, leading to a shift in consumer preferences across the entertainment landscape. The investment by the promoters, coupled with the strong, ambitious growth initiatives planned by the management team, will ensure that ZEE remains well-positioned to accelerate its strategic plans to achieve its targeted aspirations.'Shubham Shree, speaking on behalf of the promoter group, said the intention to increase their shareholding was conveyed to the Board on 1 May 2025, when ZEE's share price was ₹106.35. 'They are committed to the company and its business even at this higher price,' he at a Board meeting held on 1 May, ZEE had approved the incorporation of three wholly owned subsidiaries as part of its business diversification strategy. On 8 May, the company also released a detailed investor presentation outlining its approved growth roadmap. At that meeting, the Board recommended appointing an investment banker to further assess the company's future part of its transition into a leading content and technology powerhouse, ZEE has undertaken multiple initiatives to enhance its core operations and invest in high-potential emerging segments. The company recently announced a strategic investment in Bullet, a new-age content and tech start-up, to launch a micro-drama app aimed at younger audiences.
