Zee Board of Directors approves capital raise worth ₹2,300 crore

The transfer comes shut on the heels of Zee’s media bulletins round FIFA World Cup 2026.
| Photograph Credit score:
Dado Ruvic

Zee Leisure Enterprises Ltd’s Board of Directors on Wednesday accredited elevating of capital worth ₹2,300 crore to fund strategic and enterprise initiatives. The transfer is reminiscent of Zee’s final 12 months proposals that didn’t win required shareholder confidence.

“The Board of Directors of the Firm, at its assembly held June 10, has accredited the elevating of capital by the corporate of minimal ₹2,300 crore in a number of phases/tranches to fund the strategic and enterprise initiatives. Additional, the Board determined to deliberate additional on choices for elevating funds,” stated the corporate in its exxchange submitting.

The capital accredited is close to much like the problem of convertible warrants worth ₹2,237.4 crore proposed by Zee to its promoters on a preferential foundation. This proposal was, nevertheless, rejected by traders because the particular decision didn’t get the requisite majority of 75 per cent votes in favour.

In keeping with Shriram Subramanian, Founder, InGovern Analysis, the shape of the capital raise will probably be watched keenly by traders as the small print are but to be introduced.

When requested whether or not shareholder sentiment could have modified Subramanian stated, “The corporate must element the instrument, pricing and subscribers and the necessity for the capital raise whereas placing the matter earlier than shareholders to vote. Because the promoter and administration stay the identical, the sentiment of institutional traders is unlikely to have modified since final 12 months when a fund raise proposal by issuing warrants to promoters was defeated in a shareholder vote.”

The transfer comes shut on the heels of Zee’s media bulletins round FIFA World Cup 2026. The corporate acquired the media rights to 39 international soccer occasion at a reported valuation of beneath $60 million, decrease than ₹450 crore paid by Viacom 18/Reliance media beforehand, elevating questions in regards to the property’s potential in offering a worthy payback.

Revealed on June 10, 2026