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Asia · Financial press · The Economic Times

Zee Entertainment approves Rs 600-crore share buyback at Rs 91 apiece; promoters to stay out

Published by The Economic Times · India 1 h ago
The proposed buyback represents 7.22% and 6.61% of the aggregate paid-up equity share capital and free reserves.
The proposed buyback represents 7.22% and 6.61% of the aggregate paid-up equity share capital and free reserves. · The Economic Times

Detailed summary

Zee Entertainment has approved a Rs 600 crore share buyback at Rs 91 per share, a 24% premium over its latest NSE closing price. The company will repurchase up to 6.59 crore shares through the tender offer route, with November 25 fixed as the record date. Promoters will not participate.

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