Zee Entertainment Enterprises Limited’s Board of Directors has approved a proposal for the buy-back of up to 6,59,34,065 equity shares, not exceeding ₹6000 million (approximately ₹600 crore). The buy-back will be conducted at a price of ₹91 per share through the tender offer route. The record date for determining eligible shareholders has been set for November 25, 2026. Promoters and the promoter group will not participate in this buy-back.
Board Approves Significant Share Buyback
The Board of Directors of Zee Entertainment Enterprises Limited, in its meeting held on November 12, 2026, has officially approved a substantial share buy-back program. The company plans to repurchase up to 6,59,34,065 fully paid-up equity shares of face value ₹1 each. The total amount to be expended on this buy-back shall not exceed ₹6000 Million (Rupees Six Thousand Million only).
Key Details of the Buy-Back
- Buy-Back Size: Up to ₹6000 Million (approximately ₹600 crore).
- Number of Shares: Up to 6,59,34,065 equity shares, representing approximately 7.22% of the paid-up equity share capital.
- Buy-Back Price: ₹91/- per equity share, payable in cash.
- Route: Tender offer, on a proportionate basis.
- Record Date: Wednesday, November 25, 2026, to determine eligible shareholders.
- Small Shareholders Reservation: 15% of the buy-back size or entitlement of small shareholders, whichever is higher, will be reserved for small shareholders.
Strategic Rationale and Management Commentary
The company stated that the buy-back is aimed at enhancing long-term shareholder value and strengthening investor confidence. The Board believes this is an optimal route to reinforce confidence in the Company’s potential and robust fundamentals. R. Gopalan, Chairman, commented that the decision reflects confidence in the Company’s potential and fundamental strength, noting that the intrinsic value is not adequately reflected in the current market valuation. Punit Goenka, Chief Executive Officer, added that the buy-back reflects the immense potential of the Company and its robust capabilities to capitalize on future opportunities.
Promoter Non-Participation
The Board has noted the intention of the Promoters and members of the Promoter Group not to participate in the proposed buy-back. Ms. Sangeeta Shetty, Chief Compliance Officer and Company Secretary, has been appointed as the Compliance Officer for the buy-back, and Emkay Global Financial Services Limited has been appointed as the Manager to the Buy Back.
Shareholding Pattern
As of November 6, 2026 (Pre-Buy Back), Promoters held 3.99% of the paid-up share capital, while Non-Promoters held 96.01%. The detailed shareholding patterns are provided in Annexure A.
Source: BSE
