Zee Entertainment announces Rs 600 crore share buyback at Rs 91 per share
Summary
Zee Entertainment board approves buyback of 6.58 crore shares at Rs 91 via tender offer worth Rs 600 crore. Promoters to not participate.
Description from Dnaindia.
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Zee Entertainment announces Rs 600 crore share buyback at Rs 91 per share
Zee Entertainment board approves buyback of 6.58 crore shares at Rs 91 via tender offer worth Rs 600 crore. Promoters to not participate.
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Zee Entertainment announces ₹600 crore buyback at 24% premium
The buyback comes as Zee seeks to restore investor confidence amid concerns over advertising growth, profitability and rising content investments.
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