Times of IndiaLean R·
Shareholders approve issue of warrants to promoter group entity
Zee shareholders approved convertible warrants for promoters, raising over three thousand crore rupees. This approval allows promoters to increase their stake significantly in the company. Institutional shareholders largely opposed the resolution, while non-institutional investors provided strong backing. The company also gained approval for its employee stock option plan for eligible staff. This outcome reverses a previous shareholder rejection of a similar funding proposal.
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