Zee Entertainment Enterprises’ board approves a plan to raise up to ₹3,144 crore through a preferential issue of convertible warrants to Sunbright Mauritius Investments, an entity in the promoter group. According to the approved terms, the company will issue up to 24.95 crore warrants at an issue price of ₹126 per warrant. The warrants are convertible, aligning with a preferential allotment structure cleared by the board.
In parallel, the board also clears a new employee share ownership plan (ESOP) for 2026. The proposed ESOP 2026 scheme is subject to shareholder approval, meaning the company’s next steps require votes from its shareholders before the compensation plan can be implemented. One outlet notes the ESOP clearance alongside the warrant approval, while others focus on the funding mechanism and the warrant details. The disclosures indicate the board is moving forward with both a promoter-related capital raise and an employee equity programme, contingent on approvals where required.
