Stock viewEconomic Times
Zee Entertainment to buy back shares worth up to Rs 600 crore
Positive+23
GreyOak summary
Zee Entertainment Enterprises' board approved a share buyback of up to 65.9 million shares, representing 6.86% of its paid-up equity capital. The buyback, valued at up to Rs 600 crore at Rs 91 per share, aims to enhance shareholder returns. The company set November 25 as the record date and will implement the buyback via a tender offer route.
What it affects
- Zee Entertainment EnterprisesZEELPositive +23
Approves buyback of up to Rs 600 crore.Rolling sentiment Positive +33
Source
Read the original at Economic TimesMore Zee Entertainment Enterprises news
- Zee Entertainment announces ₹600 crore buybackMint · Corporate action ·
- ZEEL shares rise 11% as board mulls buybackBusiness Standard · Corporate action ·
- ZEEL board to consider buyback and interim dividendBusiness Today · Corporate action ·
- Zee Entertainment shares jump 11% on buyback newsMint · Corporate action ·
- Zee Entertainment board to meet on Nov 12, may consider buybackBusiness Standard · Corporate action ·