ZEE Entertainment shareholders approve plan to raise Rs 2,000 crore

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ZEE Entertainment shareholders approve plan to raise Rs 2,000 crore - Business Standard

Quick Summary:

The special resolution for "issuance of securities for an amount not exceeding Rs 2,000 crore" was passed by 78.83 per cent of the total polled votes, according to a scrutiniser report filed by Zee.

"The shareholders of the company have duly passed the resolution for issuance of securities for an amount not exceeding Rs 2,000 crore with requisite majority," the regulatory filing said.

Zee Entertainment shareholders have approved a plan to raise Rs 2,000 crore from the market through various routes, including issuing equity shares and qualified institutions placements (QIPs).