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Shareholders approve issue of warrants to promoter group entity
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 points, with 76.6% of votes cast in favour. The approval lets Zee issue 24.95 crore warrants to promoters at Rs 126 apiece, raising Rs 3,144 crore.
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thehindubusinessline.com
Zee Entertainment wins required shareholder majority for warrants issuance to Promoters Group
The issue raises up to ₹3,143.52 crore; promoter stake to rise to 23.79%
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economictimes.indiatimes.com
Zee shareholders approve Rs 3,143 crore promoter fund infusion, ESOP plan
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%.…
