ZEE Entertainment shareholders reject proposal to raise ₹2,237.44 crore from promoter entities

Yeni Delhi rejected the proposal of increasing the shareholders of Zee Entertainment Entertainment Entertainment Entertainment Entertainment 11 July (PTI) LaAccording to a regulatory file, 2.237.44 Crore, one of the promoter assets, would lead to 18.4 percent in the promoter shareholder.

According to the file of the Zee Entertainment Entertainment Enterprises LTD (Zeel) on Thursday evening, the promoter group was given orders to the Cabrio group on a preferential basis, while only 59,514 percent of the votes were in favor of 40.48 percent of the offer. As a special decision, he needed 75 percent shareholder approval.

Scrutiniser, the company, “the number of votes given in favor of the decision, the number of votes is not more than three times, the special decision did not pass the need for most of the necessary,” he said.

Last month Zeel said he planned to raise La2.237.44 Crore, one of the promoter group assets, will lead to 18.4 percent of promoter shareholders.

The Company Board approved the “Crore completely convertible warrants until 16.95 to get cash in a preferred way to Promoter Group Assets, Promoter Group Assets.

In a statement, a company spokesman said that approximately 60 percent of the shareholders participating in the voting process expressed their support to the decisions of submitting full -convertible warrants to supportive group assets and they are grateful for their support.

“The Board and the administration respect the decision of the remaining shareholders.”

Sözcü, the company’s “cash reserves, prudent approach and entrepreneurship spirit by taking advantage of the ambitions continues to move rapidly,” he said.

“Although the efforts have increased well for the company, it is important to keep it more than a strong basis to protect it from a future growth perspective, to appeal to rapid market changes and to create a strong basis to constantly create a strong foundation to perform better than violent competition.”

Norges Bank Investment Management, which controls global Global Global Government Pension Fund among the largest shareholders in the company, will vote in favor of Zeel’s proposal.

Meanwhile, the proxy consulting company Glass Lewis also advised Zeel to vote for the shareholders in favor of a special decision.