Zee Entertainment approves share buyback worth up to ₹600 crore at ₹91 per share; record date on November 25

Detailed summary

Zee Entertainment has approved a proposed ₹600 crore share buyback at ₹91 per share through the tender offer route. Check the November 25 record date, eligibility and other details.

Zee Entertainment (ZEEL) has approved a proposed share buyback worth up to ₹600 crore at ₹91 per equity share. The company's board of directors approved the proposal at its meeting on November 12, 2026.

The company plans to buy back up to 6,59,34,065 fully paid-up equity shares, representing 6.86% of its existing paid-up equity share capital. The proposed buyback will be carried out through the tender offer route.

Zee Entertainment has fixed November 25, 2026, as the record date to determine the shareholders eligible to participate in the proposed buyback.

The proposed buyback price has been fixed at ₹91 per equity share, against a face value of ₹1 each. The total buyback size will not exceed ₹600 crore, payable in cash.

The buyback will be conducted on a proportionate basis through the tender offer route, in accordance with the Securities and Exchange Board of India's (SEBI) buyback regulations.

Under the applicable regulations, 15% of the number of shares proposed to be bought back, or the number of shares entitled to small shareholders based on their shareholding on the record date, whichever is higher, will be reserved for small shareholders.

The company has also noted that its promoters and members of the promoter group do not intend to participate in the proposed buyback.

Zee Entertainment has fixed November 25, 2026, as the record date for the proposed buyback. The date will determine the entitlement and names of equity shareholders eligible to participate.

The company said the public announcement and other documents containing the buyback process, timelines and other relevant details will be released in due course, in accordance with SEBI regulations.

Opening of the article, excerpted from CNBC-TV18. To read the rest, open the article on the publisher's site.