Latest news with #ZEE
India.com
03-07-2025
- Business
- India.com
Zee exclusive: Dr Subhash Chandra unveils mega Rs 2,200-Crore investment plan; Promoter stake to rise above 18%
Zee Entertainment Enterprises Ltd (ZEEL) Founder and Chairman Emeritus Dr Subhash Chandra with Zee Business Managing Editor Anil Singhvi Dr. Subhash Chandra Interview: In a significant update boosting shareholders' confidence, Zee Entertainment Enterprises Ltd (ZEEL) Founder and Chairman Emeritus Dr Subhash Chandra gave a special interview to Zee Business where he told Zee Business Managing Editor Anil Singhvi that Zee Board has approved a Rs 2,237 crore promoter investment plan. During the interview with Anil Singhvi, Dr Chandra also revealed that the promoter stake will be taken beyond 18 per cent. Notably, ZEEL's promoter group shareholding stood at 3.99 per cent, as of March 31. In the special interview conducted by Zee Business, Dr Subhash Chandra discussed the company's future mega plans and also said that the promoter investment is proof of his unwavering commitment to the company and its shareholders. Reminiscing past experiences, Dr Chandra recalled the period when he first failed to fulfil his commitment to the financial markets in 2019. The ZEEL Chairman also mentioned about a period when he sold 44 per cent stake in ZEE to pay off debt of over Rs 40,000 crore and in the process, the promoters' stake in ZEE was reduced to just 4 per cent. Admitting that the other troubles, especially the mistakes in the infrastructure business also affected ZEE Entertainment, he said that 'the infrastructure business was a big mistake, which was handed over to the wrong people'. Most importantly, the ZEEL Founder also mentioned about the fact that after paying off the debt, he is now putting the recovery amount back into the company. 1. What is the whole deal? The promoter group will invest a total of Rs 22,37,44,48,800 in the company. After this investment, the total stake of the promoters in the company will increase to 18.39 per cent. 2. Why buy at a higher price than the market price? Dr Chandra revealed that the most positive thing about this deal is that the promoters are buying shares at a price of Rs 132 per warrant, which is more than the regulatory price (Rs 128.58). According to Dr Chandra, this is the biggest proof of how much confidence they have in the future of the company. How will shareholders get 'double' benefit? In the interview, Dr Chandra said that the increased promoter holding will benefit the shareholders in many ways. 1. Restoration of trust Dr Chandra said that the shareholders were uncomfortable with the promoter's holding of only a 4 per cent stake. Minority shareholders also believe that no one other than the promoters can run a large and complex business like ZEE, he said. Increasing the promoters' stake will strengthen investors' confidence, Dr Chandra emphasised. 2. Zee's growth will gain momentum Dr Chandra said that the fund of Rs 2,237 crore will act as a 'booster dose' for the company. This money will be used mainly for growth in content and technology, strengthening the balance sheet and rapidly implementing the strategic growth plan, Dr Chandra said, adding that it will put the company in a better position to compete with big competitors like Reliance and Disney. Roadmap for the future: What's next? Dr Chandra said that there is still money to be paid in some accounts, which is being paid on the due date. Also, money for infrastructure is also pending from the state governments, which was stuck for 4-5 years, said Dr Chandra. ZEEL share price rises On Thursday, the stock of ZEEL was trading at Rs 144 with a gain of about 2 per cent. In the last 1 month, the stock has gained 10 per cent. In the last 6 months, the stock has seen a growth of 14 per cent. (Disclaimer: and Zee Media are both part of the Zee Group. Consult your advisor before making any investment.)
India.com
03-07-2025
- Business
- India.com
Dr Subhash Chandra unveils mega Rs 2,200-Crore investment plan; Promoter stake to rise above 18%
Zee Entertainment Enterprises Ltd (ZEEL) Founder and Chairman Emeritus Dr Subhash Chandra with Zee Business Managing Editor Anil Singhvi Dr. Subhash Chandra Interview: In a significant update boosting shareholders' confidence, Zee Entertainment Enterprises Ltd (ZEEL) Founder and Chairman Emeritus Dr Subhash Chandra gave a special interview to Zee Business where he told Zee Business Managing Editor Anil Singhvi that Zee Board has approved a Rs 2,237 crore promoter investment plan. During the interview with Anil Singhvi, Dr Chandra also revealed that the promoter stake will be taken beyond 18 per cent. Notably, ZEEL's promoter group shareholding stood at 3.99 per cent, as of March 31. In the special interview conducted by Zee Business, Dr Subhash Chandra discussed the company's future mega plans and also said that the promoter investment is proof of his unwavering commitment to the company and its shareholders. Reminiscing past experiences, Dr Chandra recalled the period when he first failed to fulfil his commitment to the financial markets in 2019. The ZEEL Chairman also mentioned about a period when he sold 44 per cent stake in ZEE to pay off debt of over Rs 40,000 crore and in the process, the promoters' stake in ZEE was reduced to just 4 per cent. Admitting that the other troubles, especially the mistakes in the infrastructure business also affected ZEE Entertainment, he said that 'the infrastructure business was a big mistake, which was handed over to the wrong people'. Most importantly, the ZEEL Founder also mentioned about the fact that after paying off the debt, he is now putting the recovery amount back into the company. 1. What is the whole deal? The promoter group will invest a total of Rs 22,37,44,48,800 in the company. After this investment, the total stake of the promoters in the company will increase to 18.39 per cent. 2. Why buy at a higher price than the market price? Dr Chandra revealed that the most positive thing about this deal is that the promoters are buying shares at a price of Rs 132 per warrant, which is more than the regulatory price (Rs 128.58). According to Dr Chandra, this is the biggest proof of how much confidence they have in the future of the company. How will shareholders get 'double' benefit? In the interview, Dr Chandra said that the increased promoter holding will benefit the shareholders in many ways. 1. Restoration of trust Dr Chandra said that the shareholders were uncomfortable with the promoter's holding of only a 4 per cent stake. Minority shareholders also believe that no one other than the promoters can run a large and complex business like ZEE, he said. Increasing the promoters' stake will strengthen investors' confidence, Dr Chandra emphasised. 2. Zee's growth will gain momentum Dr Chandra said that the fund of Rs 2,237 crore will act as a 'booster dose' for the company. This money will be used mainly for growth in content and technology, strengthening the balance sheet and rapidly implementing the strategic growth plan, Dr Chandra said, adding that it will put the company in a better position to compete with big competitors like Reliance and Disney. Roadmap for the future: What's next? Dr Chandra said that there is still money to be paid in some accounts, which is being paid on the due date. Also, money for infrastructure is also pending from the state governments, which was stuck for 4-5 years, said Dr Chandra. ZEEL share price rises On Thursday, the stock of ZEEL was trading at Rs 144 with a gain of about 2 per cent. In the last 1 month, the stock has gained 10 per cent. In the last 6 months, the stock has seen a growth of 14 per cent. (Disclaimer: and Zee Media are both part of the Zee Group. Consult your advisor before making any investment.)
Time of India
17-06-2025
- Business
- Time of India
Zee Entertainment shares in focus on plans to raise Rs 2,237 crore from promoters via convertible warrants
Zee Entertainment Enterprises (ZEE) shares will be in focus on Tuesday after the company's board approved a Rs 2,237.44 crore capital infusion from promoter group entities through a preferential issue of convertible warrants . The board has cleared the issuance of up to 16.95 crore fully convertible warrants at Rs 132 per warrant — a premium to SEBI's minimum price of Rs 128.58 — on a preferential basis. This move, subject to shareholder approval, will raise the promoter group's stake in the company to 18.39%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Discover Effortless Glucose Monitoring: Request a Free Trial Dexcom Click Here Undo 'The Board insisted on a higher price and the promoters agreed to pay Rs 3.42 more per warrant,' the company said in a statement. Ads By Google Ad will close in 28 Skip ad in 3 Skip Ad Also Read: These 11 Nifty microcap stocks can rally 55-210% in the next 12 months The decision followed two board meetings held on Monday. In the first, investment bank J.P. Morgan India Pvt. Ltd. presented a detailed review of ZEE's growth strategy, discussing new initiatives and market sentiment. During the second meeting, the Board considered various strategic options and subsequently approved the promoter group's capital infusion to bolster the company's balance sheet. Live Events Also Read: Technical picks: Max Healthcare Institute, 360 ONE among 6 stocks that can rally up to 14% in near term Commenting on the development, R. Gopalan, Chairman of ZEE, said: 'The Board has deliberated upon the various alternatives discussed with J.P. Morgan and has conducted a thorough evaluation of the company's growth plans. The Board believes that the steps being implemented to enhance the promoter shareholding will ensure their added motivation to work in line with the enhanced business plan. 'The media and entertainment sector is evolving rapidly, leading to a shift in consumer preferences across the entertainment landscape. The investment by the promoters, coupled with the strong, ambitious growth initiatives planned by the management team, will ensure that ZEE remains well-positioned to accelerate its strategic plans to achieve its targeted aspirations.' Shubham Shree, speaking on behalf of the promoter group, said the intention to increase their shareholding was conveyed to the Board on 1 May 2025, when ZEE's share price was ₹106.35. 'They are committed to the company and its business even at this higher price,' he stated. Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside Previously, at a Board meeting held on 1 May, ZEE had approved the incorporation of three wholly owned subsidiaries as part of its business diversification strategy. On 8 May, the company also released a detailed investor presentation outlining its approved growth roadmap. At that meeting, the Board recommended appointing an investment banker to further assess the company's future strategy. As part of its transition into a leading content and technology powerhouse, ZEE has undertaken multiple initiatives to enhance its core operations and invest in high-potential emerging segments. The company recently announced a strategic investment in Bullet, a new-age content and tech start-up, to launch a micro-drama app aimed at younger audiences. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
17-06-2025
- Business
- Time of India
Stocks in news: ZEE, Asian Paints, NTPC, Tanla Platforms, Hyundai Motor
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Despite ongoing geopolitical tensions between Israel and Iran, the market moved higher on Monday, supported by gains in large-cap stocks, as investors maintained their focus on long-term fundamentals in the time of volatile situations. In today's trade, shares of ZEE, Asian Paints Hyundai Motor among others will be in focus due to various news Board of Directors of Zee Entertainment Enterprises (ZEE) has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities on a preferential basis at Rs 132 per warrant, raising a total of Rs 2,237.44 Bata Group announced the appointment of Panos Mytaros as its new global chief executive officer, succeeding Sandeep Kataria, who has led the group since Reserve Bank approved the extension of the term of Sandeep Batra as executive director (ED) of ICICI Bank for two Ambani-led Reliance Industries (RIL) sold 85 lakh shares in India's largest paint company Asian Paints via a block deal which was worth Rs 1,876 BLW Precision Chairman Sunjay Kapur passes away. The Board will meet in due course to elect a new chairman of the Steel and Power board approved the change in company's name from 'Jindal Steel and Power' to 'Jindal Steel'Biocon launched its qualified institutional placement (QIP) issue to raise Rs 4,500 crore, with the floor price set at Rs 340.20 per share, as per the pricing formula under Sebi Airways in view of the ongoing liquidation proceedings said financial statements for FY24 and FY25 are yet to be Platforms board approved buyback of 20 lakh shares (1.49% equity) worth Rs 175 crore at Rs 875 per share via tender offer Developers rebranded itself as Lodha Developers effective June 16 after Ministry of Corporate Affairs (MCA) will consider fund raising up to Rs 18,000 crore via bonds on June 21 Hyundai Motor India started the production of passenger vehicles engines at Maharashtra's Talegaon Plant from June 16
India.com
16-06-2025
- Business
- India.com
Zee Entertainment Enterprises Secures Rs 2,237 Cr Funding Through Promoter Warrant Issue
In a move to bolster its financial foundation and drive strategic growth in the content and technology sectors, the Zee Entertainment Enterprises Ltd has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities at Rs 132 each, raising Rs 2,237 crore. Zee Entertainment Enterprises Ltd. (ZEEL) has announced a significant financial move to strengthen its position in the evolving media landscape. The company's Board of Directors has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities on a preferential basis, priced at Rs. 132 per warrant. This strategic decision aims to raise a total of Rs. 2,237 crore, enhancing the company's financial foundation and supporting its growth initiatives in the content and technology sectors. In a series of meetings held today, investment bank J.P. Morgan India Pvt. Ltd. presented an assessment of ZEE's growth plans and strategic initiatives. The discussions highlighted the importance of strengthening the company's balance sheet to prepare for future investments and capitalize on emerging opportunities. Following these deliberations, the Board approved the preferential issue of warrants, which, upon conversion, will increase the promoter group's shareholding in ZEE to 18.39 per cent. The promoters have committed to investing Rs. 2,237 crore in this fundraising exercise, reflecting their confidence in the company's strategic direction. Commenting on the development, Mr. R. Gopalan, Chairman of ZEE Entertainment Enterprises Ltd., stated, "The Board has thoroughly evaluated various strategic alternatives and believes that enhancing promoter shareholding will align their interests with the company's growth objectives. This move positions ZEE to accelerate its transformation into a leading content and technology powerhouse." However, the preferential issue is subject to shareholders' approval. If approved, the funds raised will be utilised to fortify ZEE's core business segments and explore value-accretive growth opportunities in the media and entertainment industry.
