Zee Entertainment Share Price Falls Over 6% as Fundraising Proposal Gets Rejected

On July 11, Zee Entertainment share price dropped more than 6% after shareholders voted against a major fundraising proposal. The stock opened at ₹135.10, dropped to an intraday low of ₹133.05, and was trading at ₹138.70 around 10 AM, still 2.26% lower.

The decline came after a special resolution to raise ₹2,237.44 crore from promoter group entities failed to receive the required 75% approval.

Zee Fundraising Plan Falls Short

Zee had proposed to issue fully convertible warrants to its promoters, aiming to raise ₹2,237.44 crore and increase promoter shareholding to 18.4%. However, only 59.51% of the votes were in favour, while 40.5% opposed the move. Since a special resolution needs 75% approval, the proposal did not pass.

The company’s scrutiniser explained that the number of votes in favour wasn’t more than 3 times those against, which is a requirement for such resolutions.

Company Responds to Outcome

In an exchange filing, Zee acknowledged that nearly 60% of shareholders supported the plan and thanked them. It also respected the decision of those who voted against. The company emphasised that it continues to move forward by using its cash reserves wisely and focusing on long-term growth to stay ahead in a competitive market.

About Zee Entertainment Enterprises Limited

Zee Entertainment Enterprises Limited is a media conglomerate based in Mumbai, India. The company has a presence across television, print, digital platforms, films, and mobile content. It operates 35 channels globally.

Also Read: TCS Q1 FY26 Results: Revenue and Net Profit Recorded Growth, Declared ₹11 Interim Dividend!

Zee Entertainment Share Price Performance

Despite this setback, Zee shares have performed better than the Sensex this year, with a year-to-date gain of over 12%, while the Sensex is up about 5%. However, in July, the stock has slipped around 3%, likely ending its four-month winning streak.

The stock hit a 52-week high of ₹163.90 on July 16, 2024, and a low of ₹89.29 on March 4, 2025.

Conclusion

Zee’s failed fundraising attempt has led to a sharp drop in its share price. While investor confidence took a hit, the company remains optimistic about its long-term plans. Going forward, investor sentiment will likely depend on Zee's ability to maintain performance and secure funding through alternative means.

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