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Zee Entertainment's stock rises by almost 4%
Zee Entertainment's stock got a nice bump—up nearly 4%—after the company announced it's raising ₹2,237.44 crore from its own promoter group.
The move is meant to strengthen Zee's finances and keep it competitive in the fast-changing media world.
Zee to issue 17 crore convertible warrants
Zee plans to issue around 17 crore convertible warrants to two promoter entities, which will raise their stake in the company to 18.4%.
This fresh cash will help Zee focus on its core business and chase new growth opportunities in entertainment.
It's a clear signal that Zee wants to stay ahead of the curve and invest in its future.