India's Zee gains after RBI clears $23.9 million bond redemption

Zee Entertainment Enterprises

14/07/2026 07:59

** Shares of Zee Entertainment ZEE.NS rise 2.6% to 103.95 rupees
** Indian broadcaster says the Reserve Bank of India has approved its application to redeem outstanding foreign currency convertible bonds worth $23.9 million
** RBI also approves cancellation of an unutilized commitment of $215.1 million - co
** Thirteen analysts have a "hold" rating on ZEE on avg; median PT is 100 rupees - data compiled by LSEG
** YTD, ZEE up 15%

 (Reporting by Urvi Dugar in Bengaluru)
 ((UrviManoj.Dugar@thomsonreuters.com;))