Board Meeting1 Jul 2026, 09:10 pm
Zee Ent Board Approves Warrant Issue to Promoter Group, ESOP 2026
AI Summary
Zee Entertainment Enterprises Ltd's Board of Directors, in a meeting held on July 1, 2026, approved the issuance of up to 24,94,85,563 fully convertible warrants to Sunbright Mauritius Investments Limited, a promoter group entity. The total issue size is approximately ₹3,143.52 Crores. Each warrant is convertible into one equity share at a price of ₹126. The company also approved the introduction of an Employee Stock Option Plan (ESOP 2026), subject to shareholder approval. A shareholders' meeting will be convened to seek approval for both the warrant issuance and the ESOP plan.
Key Highlights
- Board approves preferential issue of 24.94 Cr warrants to promoter group.
- Total issue size for warrants amounts to ₹3,143.52 Crores.
- Warrants are convertible into equity shares at ₹126 each.
- ESOP 2026 plan introduced, pending shareholder and regulatory approvals.
- Shareholder meeting to be convened for approvals on warrant issue and ESOP.
Price Impact
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