Zee Entertainment Enterprises has announced a ₹600 crore share buyback, offering shareholders an opportunity to tender their shares at ₹91 apiece. The company's board approved the proposal on November 12, 2026, for the buyback of up to 6.59 crore fully paid-up equity shares with a face value of ₹1 each.
The media stock fell over 3% on Friday, Nov 13, to its day's low of ₹75.49 per share on BSE post the announcement of the buyback. The stock has lost 3% in 1 month, 26% in 3 months, 19% in 6 months and 28% in last 1 year.
The proposed buyback will be conducted through the tender offer route on a proportionate basis, with November 25, 2026, fixed as the record date to determine eligible shareholders.
The company said the move followed a detailed assessment of its financial position, free cash flow, business outlook and shareholder expectations. Here are the key things investors should know about the proposed Zee Entertainment buyback.
Zee Entertainment's board has approved a buyback of up to 6,59,34,065 fully paid-up equity shares, representing up to 6.86% of the company's existing paid-up equity share capital. The total buyback amount has been capped at ₹600 crore.