Corporate actionMint
Zee Entertainment announces ₹600 crore buyback
Positive+478 sources
GreyOak summary
Zee Entertainment Enterprises Ltd approved a ₹600 crore share buyback at ₹91, offering a 24% premium to its last closing price. The move aims to restore investor confidence despite a 40% fall in net profit and concerns over advertising revenue. Promoters will not participate in the buyback.
What it affects
- Zee Entertainment EnterprisesZEELPositive +47
Announced ₹600 crore buyback at 24% premium.Rolling sentiment Positive +35
Source
Read the original at MintMore Zee Entertainment Enterprises news
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