Zee Entertainment Enterprises’ board approves a fundraising plan of up to ₹3,144 crore through a preferential issue of convertible warrants to a promoter group entity, Sunbright Mauritius Investments. The approval covers the issuance of the warrants, which are convertible and part of the company’s financing arrangements. In addition to the warrant issue, the board clears the proposed ESOP 2026 (employee stock option plan) scheme. The ESOP 2026 is subject to further shareholder approval before it can be implemented. The two approvals together indicate the company is pursuing both capital infusion from its promoter group and a separate employee incentive plan for the coming years. While the board has given its nod, the company’s next steps depend on the required approvals from shareholders for the ESOP and other procedural requirements tied to the preferential issuance. The details, including the terms of conversion and the final amount raised, are linked to the warrant structure and applicable approvals.