Mumbai, Aug. 1 -- Zee Entertainment Enterprises (ZEEL) said its shareholders have approved the company's proposed fund-raising and employee stock option (ESOP) resolutions at an Extraordinary General Meeting (EGM) held on 31 July 2026.

The approval clears the way for the company to issue 24,94,85,563 fully convertible warrants to a promoter group entity on a preferential basis at Rs 126 per warrant. The transaction will result in a promoter investment of Rs 3,143.5 crore and increase the promoter shareholding in the company to 23.79%.

The company said the capital infusion will strengthen its financial position and support investments in new growth initiatives while enhancing capabilities across its existing businesses.

Shareholders als...