Zee board backs promoter stake expansion to 24%
Published on: July 2, 2026, 12:44 a.m. | Source: The Economic Times
Zee Entertainment's board has greenlit a significant fundraising move, approving the issuance of warrants worth up to ₹3,143.5 crore to a promoter group entity, Sunbright Mauritius Investments. This strategic move, pending shareholder and regulatory nods, could substantially boost the promoter group's stake to nearly 24%. The warrants, priced at ₹126 each, require an upfront payment of 25%, with the balance due upon conversion within 18 months.
