Zee Entertainment announces ₹600 Crore Share Buyback at 23.8% Premium

Zee Entertainment Enterprises' board approved a plan to buy back ₹600 crore worth of its own shares. The company will offer ₹91 per share to shareholders who want to sell via a tender offer. 

Zee Entertainment received board approval for a buyback of up to 6,59,34,065 equity shares with a face value of ₹1 each. On Thursday, November 12, 2026, Zee Entertainment's share price closed at ₹73.50 on the NSE. This means the company is offering ₹17.50 more than the share price, giving shareholders an excellent opportunity to tender shares at a price almost 23.8% higher than the current price.

Zee Entertainment is looking to buy up to 6.86% of the company's existing paid-up equity share capital through the buyback. The company has fixed November 25 as the date to identify which shareholders are eligible to participate in the buyback. Shareholders who hold shares of Zee Entertainment on the record date will be eligible to participate in the tender offer. 

Zee Entertainment will buy back shares from its shareholders at a fixed ratio. Means, the company will not buy all the shares tendered by shareholders. Rather, it will follow SEBI's buyback rules. 

The company has reserved a special portion for small shareholders. At least 15% of the total shares planned will be reserved for small shareholders. But if the eligible quantity for small shareholders exceeds 15% of the buyback, the company will reserve a higher quantity instead.

The promoters and the members of the promoters will not participate in the buyback. 

Before approving the buyback, the board of Zee Entertainment checked the company’s financial condition, available cash flow, and future business growth opportunities. On this, the company said that buying back shares will provide a suitable way to give high returns to existing shareholders. This step will strengthen investor confidence in the company’s long-term growth. 

Furthermore, Zee Entertainment has formed a Buyback Committee to manage and monitor the process of buyback. The company appointed Emkay Global Financial Services as a Merchant Banker, and Sangeeta Shetty as Chief Compliance Officer and Company Secretary to ensure the company follows necessary rules and regulations during the buyback process. 

The company also mentioned that the details regarding the buyback, like the starting date, participation process, and share tender process, will be disclosed soon in a Public Announcement and other official documents.