India's Zee Entertainment gains on board nod for 23 bln rupee fund raising

Zee Entertainment Enterprises

11/06/2026 06:59

** Shares of Zee Entertainment Enterprises ZEE.NS rise 2.3% to 105.3 rupees, snapping a three-day losing streak
** Broadcaster to raise 23 billion rupees ($241.4 million) to fund strategic and business initiatives
** Zee, which did not disclose how it would raise the funds, said it would deliberate on options 
** Stock rated "hold" on avg, median PT 109.5 rupees - data compiled by LSEG
** Stock up 17% YTD     
     
     
     

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))