Zee Entertainment's ₹3,144 crore warrant issuance to promoters faces uncertainty following SEBI's market ban order, despite shareholder approval for the preferential allotment.
ZEE shareholders approved ₹3,143.5cr warrant issue on July 31 with 76.6% support; SEBI barred implementation for 2-12 months over unauthorized collateral use. SEBI enforcement reveals regulatory override of shareholder approval risk in emerging markets.
The preferential issue will raise ₹3,143.5 crore
Aug 01, 2026
05:51 pm
What's the storyZEE Entertainment Enterprises Ltd. (ZEEL) has received shareholder approval for its proposal to issue 24.95 crore fully convertible warrants at ₹126 each.
The preferential issue, which is expected to raise ₹3,143.5 crore and boost promoter shareholding to 23.8%, was approved by a special resolution with 76.6% of valid votes in favor and 23.4% against it at an Extraordinary General Meeting (EGM) on July 31.
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The issue raises up to ₹3,143.52 crore; promoter stake to rise to 23.79%
MUMBAI: Zee has won shareholder approval to issue convertible warrants to its promoters, clearing the 75% threshold required…
