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 Zee investors reject issuance of convertible warrants to promoters

  • Close to 60% of Zee investors voted in favour of the issuance of convertible warrants to promoters, while over 40% voted against it.
  • Public institutions played a significant role in rejecting the proposal, impacting the final decision against the company.
  • Zee expressed respect for the shareholders' decision and reiterated its commitment to enhancing performance and profitability.
  • Partners Group is set to acquire a majority stake in Infinity Fincorp for ₹1,950 crore, as Zee focuses on leveraging cash reserves and bolstering itself for future growth and competition.

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