HighPositive
Announced Wed, 1 Jul · 10:33 IST

Zee Entertainment share price jump over 8% ahead of board meeting to consider and approve raising of funds

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Zee Entertainment Enterprises (ZEEL) shares surged over 8 percent, touching a day's high of around ₹112, ahead of its board meeting scheduled for July 1, 2026, to consider raising funds through equity shares and/or convertible securities via private placement, preferential issue, or other suitable methods. The board will also decide on pricing and specific terms of the proposed issue, subject to shareholder and regulatory approvals. The stock is currently about 26 percent below its 52-week high of ₹151.70 hit in July 2025, while having rallied 45 percent over the past three months.