Zee promoter family aims to raise stake, infuse ₹3,143 crore via warrants

Last month, the company announced in an exchange filing that it would raise up to the following amount: ₹2,300 crore in equity financing. Last year, Zee attempted a similar fundraising initiative. ₹2,200 crore through warrants, the promoter is offering to more than quadruple the Goenka family’s 3.99% stake. Leading foreign shareholders, including Morgan Stanley Research’s Calvert Research and Management and City of New York Group Trust, had rejected the offer.