Zee Entertainment announces up to Rs 600 crore buyback at Rs 91 per share – check record date
15
Zee Entertainment announces up to Rs 600 crore buyback at Rs 91 per share – check record date
Zee Entertainment’s board approved the buyback of up to 6.5 crore fully paid-up equity shares with a face value of Re 1 each at Rs 91 per share. The buyback price represents around 23 percent premium over today’s closing price of Rs 73.50.
Sarmeeli Mallick
November 12, 2026 / 17:26 IST
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The board of Zee Entertainment Enterprises Ltd (ZEEL) on Thursday, November 12, approved a share buyback worth up to Rs 600 crore. The company has fixed November 25, 2026, as the record date to determine shareholders eligible to participate in the buyback.
At a meeting held today, the board of ‘Z’ approved the buyback of up to 6.59 crore fully paid-up equity shares with a face value of Re 1 each at Rs 91 per share. The buyback represents 6.86 percent of the company’s total paid-up equity share capital and will be implemented through the tender offer route.
The buyback price represents around 23 percent premium over today’s closing price of Rs 73.50.
“The Board of ‘Z’, in a meeting conducted today, approved a proposal for the buy-back of upto 65,934,065 equity shares of the Company of face value of Re. 1/- per equity share, at a price of Rs. 91/-, aggregating upto Rs. 6000 million,” said the company in a statement.
In the statement, it said the decision by the board follows a comprehensive review of the company’s financial strength, free cash flow and business outlook, with a view to enrich the value-creation journey for all stakeholders.
The Board unanimously arrived at the proposal for buy-back of equity shares after a thorough deliberation of other key routes and the feedback shared by investors and shareholders, it added.
The company further stated that the buyback is aimed at enhancing shareholder returns and reinforcing investor confidence in its long-term growth prospects. It added that the promoters and members of the promoter group intend not to participate in the proposed buyback.
Commenting on the Board’s decision, R. Gopalan, Chairman, Zee Entertainment said, “The Board remains firmly committed to safeguarding the interests of all shareholders and ensuring that the Company’s capital is deployed in a prudent and value-accretive manner. The decision to approve the buy-back of equity shares reflects our confidence in the Company’s potential and fundamental strength to capitalize on the opportunities in the future. The Board believes that the Company’s intrinsic value is not appropriately reflected in its current market valuation, and the buy-back represents a prudent opportunity to reinforce confidence in the Company’s capabilities to generate long-term value for shareholders.”
“The Board conducted a detailed assessment of the Company’s financial position, growth plans and shareholder expectations. The management also presented to the Board an approach being taken for medium to long-term
growth of the Company to strengthen its topline and bottomline,” Gopalan added.
Meanwhile, Punit Goenka, CEO of Zee Entertainment, stated that the company has implemented the significant steps to enhance its capabilities, sharpen the strategic focus across content, digital and emerging growth opportunities and drive operational efficiencies.
“‘Z’ remains on a firm growth trajectory and the Board’s approval on the buy-back of shares further reflects the immense potential of the Company and its robust capabilities to capitalize on the opportunities ahead. As we continue to execute our strategic priorities with discipline, we remain committed to delivering sustainable growth and creating
long-term value for our shareholders,” Goenka added.
Shares of Zee Entertainment today ended 3.70 percent higher at Rs 73.50, against the previous close of Rs 70.88, on the BSE.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Sarmeeli Mallick
first published: Nov 12, 2026 04:48 pm
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Sarmeeli Mallick
