Zee Entertainment approves Rs 600-cr buyback at Rs 91 per share; Promoters opt out
The company's board has approved the buyback of up to 6,59,34,065 fully paid-up equity shares, representing approximately 6.86% of its paid-up equity share capital. The buyback will be undertaken on a proportionate basis, in accordance with applicable SEBI regulations.
At Rs 91 per share, the buyback price represents a premium of approximately 24% over the reported BSE closing price of Rs 73.50. The company has fixed November 25, 2026, as the record date for determining shareholders eligible to participate in the buyback. The promoters and members of the promoter group have confirmed that they will not participate in the offer.
The board approved the buyback after evaluating the company's financial position, free cash flow, business outlook and long-term growth priorities. Investor feedback and alternative capital allocation options were also considered.
Zee Entertainment Chairman R. Gopalan said the board believes the company's intrinsic value is not adequately reflected in its current market valuation. The buyback is aimed at enhancing shareholder value and strengthening investor confidence. The company remains focused on strengthening its core businesses, accelerating digital growth, leveraging technology-led innovation and exploring new monetisation opportunities. Further details regarding the buyback schedule and other procedural requirements will be communicated through the company's regulatory filings.
Zee Entertainment Enterprises is a content and technology company with a presence in more than 190 countries and a global reach of over 1.4 billion people. The company operates across television, digital platforms, movies, music and live entertainment, offering content in multiple languages. On a consolidated basis, Zee Entertainment Enterprises' net profit declined 48.30% to Rs 74.30 crore while net sales rose 4.52% to Rs 1907.30 crore in Q1 June 2026 over Q1 June 2025.
Shares of Zee Entertainment Enterprises fell 2.04% to Rs 72 on the BSE.
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