Shareholders approve issue of warrants to promoter group entity
Zee shareholders approved issuing 24.95 crore convertible warrants to promoters at Rs 126 each, raising Rs 3,144 crore.
The approval passed with 76.6% votes in favor, just above the 75% threshold, despite 51% of institutional shareholders voting against.
Conversion of warrants will increase promoter stake from 4% to 24%, diluting public shareholders by 21%.
This reverses a July 2025 shareholder rejection of a Rs 2,237 crore fund-raise via warrants.
Shareholders also approved an employee stock option plan for 3.74 crore options to eligible staff, with 89% in favor.
Story angle
Center
Near the middle: closer to straight reporting, less party-line spin.
About how the story is framed, not whether the facts are true.
Times of India
Center-right
Mixed factuality
Who owns this?
Times Group
Bennett, Coleman & Co. (Sahu Jain family)
India's largest newspaper group by circulation.
Wikipedia: Sahu Jain family