The issue raises up to ₹3,143.52 crore; promoter stake to rise to 23.79%

The issue raises up to ₹3,143.52 crore; promoter stake to rise to 23.79%

Zee Entertainment shareholders have approved a Rs 3,143.5 crore preferential warrant issue to a promoter group entity, paving the way for higher promoter ownership of 23.79%.…

MUMBAI: Zee has won shareholder approval to issue convertible warrants to its promoters, clearing the 75% threshold required under Indian company law by a narrow 1.6 percentage…