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Zee promoter family aims to raise stake, infuse ₹3,143 crore via warrants
In a board meeting on Wednesday evening, the promoters have proposed to eventually hike Sunbright International’s shareholding in Zee Entertainment from the current 0.18% to a little over 20%, taking the Subhash Chandra-led Goenka family’s total stake in the company to just under 25%.
Stocks to Watch today: Lenskart, ZEEL, REC, PFC, Eternal, Airtel and more
Stocks to watch today: Lenskart, Zee Entertainment, REC, PFC, Eternal, Airtel, Tata Consumer Products, Vascon Engineers, Nuvama Wealth, Rajesh Exports, among others, will be in focus today.
Zee Entertainment shares can rally another 31%, CLSA projects after FIFA rights win
The brokerage also pointed out that Zee appears to have secured the rights at a relatively attractive valuation. According to reports cited by CLSA, the company paid less than $60 million for the package, lower than the nearly ₹450 crore spent by the former Viacom18 for the 2022 FIFA World Cup rights.
Q4 Results LIVE Updates: IOC, Astral, Afcons react to earnings; BPCL, BEL report today
Q4 Results LIVE Updates: BPCL, Zydus Life, BEL, BLS International, Dhanuka Agri, Dredging Corp, Eureka Forbes, Hatsun Agro, Healthcare Global, J Kumar Infra, PI Industries, PNC Infratech, Prince Pipes, Safari Industries, RITES, Trident, Zee Entertainment, Shaily Engineering are among the other important numbers to track today along with result reactions from IOC, IGL, Afcons, Astral and many others. Stay tuned for all the live result reactions right here.
Stocks to Watch Today: Lenskart Solutions, Meesho, Vascon Engineers, Zee Entertainment, PPAP Automotive in focus on 11 June
Stocks to Watch, 11 Jun: Stocks like Lenskart Solutions, Vascon Engineers, Zee Entertainment Enterprises, Deccan Gold Mines, PPAP Automotive, Power Grid Corporation of India, Meesho, Sapphire Foods India, CMR Green Technologies, UHM Vacation, and Vahh Chemicals will be in focus on June 11.