Zee Entertainment Approves Rs 600 Crore Buyback At Rs 91 Per Share

Board approved buyback of up to 6,59,34,065 shares at Rs91 per share for up to Rs600 Cr via tender offer, 6.86% of capital. Record date 25 Nov 2026; promoters will not participate. Board frames it as undervaluation signal after review of strength and outlook. Novel return beyond steady dividends, backed by net-cash buffer while warrant funding awaits conversion. Tender offer with 15% small-holder reservation; non-participation will nudge promoter holding up. Price may be raised till day before record date; process timelines await public announcement.