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Bloomberg Quint
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Zee Promoters' Stake Hike Bid Blocked As 40% Shareholders Reject Rs 2,237-Crore Fundraise Proposal
- Zee Entertainment's fundraise proposal for Rs 2,237 crore via warrants issuance was rejected.
- Around 40.5% shareholders rejected the proposal, effectively blocking the stake hike bid by promoters.
- Most warrants were to come from a Mauritian promoter, including ousted board member Punit Goenka.
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