India's Zee Entertainment closes higher after tribunal allows $329.5 mln warrant issue

Zee Entertainment Enterprises

14/08/2026 11:14

Updates
** Shares of media firm Zee Entertainment Enterprises ZEE.NS closed up 5.43%
** The Securities Appellate Tribunal grants partial relief to ZEE, permitting it to issue preferential warrants worth up to 31.44 bln rupees ($329.47 million), according to an order on Friday
** India's markets regulator, on July 31, had imposed penalties totalling 14.8 mln rupees on Zee, CEO Punit Goenka and Founder-Chairman Emeritus Subhash Chandra for securities law violations, and barred the firm from securities market for two months
** Tribunal allowed the warrant issue to proceed, extended the deadline by a week, but kept the broader debarment in force
** SAT said the fundraise would benefit ZEE's largely public shareholder base 
** Analysts rating, on avg, is "hold", median PT is 100 rupees - data compiled by LSEG
** YTD, ZEE up ~14%

($1 = 95.4250 Indian rupees)

 (Reporting by Anuran Sadhu and Urvi Dugar in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))