Mumbai, Aug. 14 -- According to media reports, SAT allowed Zee Entertainment to proceed with its proposed Rs 3,143 crore preferential warrant issue to the promoter group despite SEBI's order restricting the company from accessing the securities market. The tribunal also allowed the company to use its mutual fund units for dividend distribution, subject to Zee depositing the penalty imposed by SEBI.

The fundraise assumes significance as ZEEL shareholders had approved a Rs 3,143.5 crore promoter fund infusion through the preferential issue of 24,94,85,563 fully convertible warrants at Rs 126 apiece. The proposal received 76.64% shareholder support at an extraordinary general meeting held on 31 July 2026 and is expected to increase promoter...