Indian tribunal allows Zee Entertainment to proceed with warrants issue; shares rise

Zee Entertainment Enterprises

14/08/2026 11:58

BENGALURU, Aug 14 (Reuters) - An Indian appeals tribunal granted Zee Entertainment ZEE.NS partial relief from a securities market ban on Friday, allowing the television broadcaster to proceed with a fundraise through an issue of warrants.

Here are some details:
The Securities Appellate Tribunal, which hears appeals against orders passed by the Securities and Exchange Board of India, allowed Zee to issue fully convertible warrants to a promoter group entity on a preferential basis, an order showed
Shares of Zee ended 5.7% higher on Friday 
In July, SEBI barred Zee from the securities markets for two months, and CEO Punit Goenka and Founder-Chairman Emeritus Subhash Chandra for a year
Last month, Zee approved the issue of convertible warrants worth 31.44 billion rupees ($329.5 million) 
The tribunal said the company's debarment from the securities markets would continue apart from the limited permission to complete the warrant issue
The tribunal also extended by a week the deadline for the warrant issue, which was due to expire on August 14


($1 = 95.4250 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru; Editing by Mrigank Dhaniwala)
 ((Nishit.Navin@thomsonreuters.com;))