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Zee Entertainment shares gain 3% after board approves raising ₹3,144 cr via preferential warrants issue
The board of Zee Entertainment has approved the issuance of up to 24.95 crore fully convertible warrants to Sunbright Mauritius Investments at an issue price of ₹126 apiece, taking the total fund raise to ₹3,143.52 crore.
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%.
Zee Entertainment secures Germany's top-tier football league Bundesliga media rights in India for the next five years
Zee Entertainment Enterprises has secured exclusive Indian broadcast and digital rights for Germany's Bundesliga football league for five years, starting 2026-27. Matches will air on Unite8 Sports channels and stream on Zee5, featuring top stars like Harry Kane. This move bolsters Zee's sports portfolio and aims to boost football development in India through initiatives like the 'Z x Bundesliga Football Week'.
Legacy studios bet on mobile-first entertainment for next growth phase
India's established media giants like Yash Raj Films, Zee Entertainment, and Saregama are strategically investing in digital-first platforms and creator-led businesses. This move aims to capture the growing mobile-first audience by developing new intellectual property in micro-dramas and vertical content. These investments signal a significant shift towards embracing emerging entertainment formats to ensure future growth and relevance in the evolving media landscape.
Will Zee Entertainment’s FIFA World Cup deal turn the needle for its 3.3 crore shareholders?
Zee Entertainment Enterprises pulled off a surprise win by securing India's broadcast and digital rights for multiple FIFA events through 2034, including the FIFA World Cups in 2026 and 2030, after rivals failed to clinch the deal. The move has boosted investor optimism, with Zee shares gaining over 30% in the past month.
Zee Entertainment shares rise over 3% ahead of FIFA World Cup, Rs 2,300-crore fundraising plans
Zee Entertainment Enterprises' shares rose after its board approved raising at least Rs 2,300 crore to fund strategic initiatives and bolster its balance sheet. The media company also secured exclusive rights for FIFA events until 2034, including the 2026 and 2030 World Cups, amidst a challenging March quarter financial performance.
Stocks to Watch for June 11: Zee Entertainment, Lenskart, Bank of Baroda and more
From Eternal receiving a GST demand order from the Deputy Commissioner (ST), State Special Circle-I, Andhra Pradesh to Deccan Gold Mines signing a definitive Earn-In, Option and Shareholders Agreement for the Logrosan Tungsten Project in Spain; here are some stocks to track ahead of Thursday's trading session.
Zee Entertainment approves Rs 2,300 crore capital raise
Zee Entertainment Enterprises Ltd is raising at least Rs 2,300 crore. This capital will fund new business ventures and strategic plans. The company recently secured FIFA media rights until 2034. This move strengthens its balance sheet. Zee is also investing in digital platforms like Bullet and PhantomFX. The fundraising follows a challenging financial quarter for the broadcaster.
Zee Entertainment to raise $241 million for stategic initiatives
Zee Entertainment is all set to gather 23 billion rupees to fuel its ambitious business strategies, following a significant win in securing the broadcast rights for the 2026 FIFA World Cup in India.
'Need to leave cricket behind & find sports that are relevant'
Zee Entertainment is making a significant long-term bet on football. The company has secured FIFA media rights until 2034, including upcoming World Cups. This move signals a strategic shift away from the costly cricket market. Zee believes football, popular with young people, offers a valuable global sports property at a lower investment.
Zee Entertainment Enterprises Ltd spurts 6.15%
Zee Entertainment Enterprises Ltd is quoting at Rs 110.84, up 6.15% on the day as on 12:49 IST on the NSE. The stock is down 12.44% in last one year as compared to a 6.52% drop in NIFTY and a 12.42% drop in the Nifty Media index.
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.