The preferential allotment will raise the promoter group’s stake to 18.39%.
Payment structure
An upfront payment of Rs 33 per warrant (25% of the issue price) is required as the arrant subscription price. The remaining Rs 99 per warrant i.e. 75% of the issue price will be paid as the Warrant Exercise Price when the warrant holders choose to convert them into equity shares.
Each warrant can be converted into one fully paid-up equity share of the company with a face value of Re 1 within 18 months from the allotment date. The equity shares will be allotted at a price of Rs 132 per share including a premium of Rs 131 per share.
The issuance will be subject to approval from the company’s members, regulatory and statutory authorities and should be in compliance with Sebi regulations.
An Extraordinary General Meeting (EGM) will be held on Thursday, July 10, 2025 to seek shareholder approval for this preferential warrant issue.
The Zee shares today ended at Rs 138.25 on the NSE, down by Rs 0.94 or 0.68% from the Friday closing price.
Zee Entertainment Enterprises on Thursday reported a 1,305% growth in its consolidated net profit to Rs 188 crore in Q4FY25 versus Rs 13.4 crore reported in the year ago period.
The total revenue in the March-ended quarter stood at Rs 2,220 crore, which was up 1.6% from Rs 2,185.3 crore in the corresponding quarter of the last financial year.
The revenue from operations in the reported quarter stood at Rs 2,184 crore marginally up from Rs 2,170 crore in the year ago period. The revenue from operations were reported under the heads viz. advertisement revenue of Rs 837 crore, subscription revenue of Rs 986.5 crore and other sales & services at Rs 36 crore.
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