<ul data-eligibleForWebStory="true"><li>Zee Entertainment Enterprises Ltd.'s board approved plans to raise funds via fully convertible warrants to promoters, raising Rs 2,237 crore in total.</li><li>The issuance of 16,95,03,400 fully convertible warrants at Rs 132 per warrant will increase the promoter shareholding to 18.39%.</li><li>This investment follows the failed Zee-Sony merger and is aimed at fortifying Zee's financial foundation, core business, and exploring new growth opportunities.</li><li>The infusion will help mitigate potential liabilities, including the ICC rights dispute, and compete with rivals like RIL-Disney.</li><li>Zee's cash balance is currently at Rs 2,400 crore, with the funds being disbursed partially immediately and the rest over 18 months.</li><li>The move may lead to an EPS dilution of 15-16% with plans previously approved to raise Rs 2,000 crore via Foreign Currency Convertible Bonds.</li><li>Zee stock has shown mixed performance with a 7.56% return in the past month while analysts indicate a 6.2% return potential with varying recommendations.</li></ul>

Zee Entertainment Promoter To Infuse Over Rs 2,000 Crore — First Positive In Nearly 18 Months

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