<ul data-eligibleForWebStory="false"><li>Punit Goenka is aiming to regain his board position at Zee Entertainment Enterprises Ltd. through a Rs 2,237 crore fundraise, which will allow him board representation.</li><li>The fundraise involves Sunbright Mauritius Investments Ltd. subscribing to over 99% of the warrants issue, resulting in a 14.92% stake in the company upon conversion, granting board representation to Goenka.</li><li>The promoter-led funding initiative will increase the overall promoter holding in Zee from 3.99% to 18.39%, with plans to raise Rs 2,237 crore via convertible warrants to strengthen the company's financial foundation and explore new growth opportunities.</li><li>Proxy firms have raised concerns about excessive dilution and lack of transparency in fund utilization, recommending shareholders to seek enhanced disclosures regarding the funds' purpose and source.</li></ul>

Punit Goenka Tries A Backdoor Entry Into Zee's Board Via Rs 2,237 Crore Fundraise

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