Browsing: Crore

The Securities Appellate Tribunal (SAT) on Friday allowed Zee Entertainment Enterprises (ZEEL) and its managing director and CEO Punit Goenka to proceed with the proposed issue of fully convertible warrants to a promoter group entity, providing a temporary relief from the securities market debarment imposed by the Securities and Exchange Board of India (SEBI).

Market snapshot: Zee Entertainment Enterprises Ltd (ZEEL) has received critical shareholder approval at its Extraordinary General Meeting (EGM) to issue up to 24.95 crore fully convertible warrants to promoter group entity Sunbright Mauritius Investments Ltd. The preferential issue, priced at ₹126 per warrant, is designed to raise up to ₹3,143.52 crore to strengthen the broadcaster’s…