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Zee to raise Rs 2,200 crore from promoter group entities
Zee Entertainment Enterprises will raise Rs 2,237 crore from its promoters through convertible warrants to bolster growth plans after the failed Sony merger. This infusion will significantly increase the Subhash Chandra family's stake in Zee to 18.39%. The company aims to stabilize operations, invest in digital growth, and build its core business, with shareholder approval sought on July 10.
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