Zee Entertainment Enterprises Limited — Others, 18-06-2025: Shareholders meeting

Zee Entertainment Enterprises Limited has announced a board meeting to consider the issuance of up to 16.95 crore fully convertible warrants to Promoter Group entities via a preferential allotment, aiming to raise Rs. 2,237 Cr at Rs. 132 per warrant. Each warrant is convertible into one equity share within 18 months. The raised funds will support strategic initiatives including scaling new businesses (short-form content app, edutainment, live and sports content, 3D content R&D), inorganic growth via M&A in general entertainment and tech segments, and general corporate purposes. The company has appointed Credit Analysis and Research Limited as the monitoring agency for fund utilization. The preferential issue will increase the promoter group’s stake from 3.99% to 18.39% assuming full conversion, without changing control. The entire allotment is subject to shareholders’ approval at an EGM conducted via video conference.