Epic Update : Zee entertainment

Zee Entertainment Enterprises reportedly, will be distributing Rs 2000 crore by way of redeemable preference shares (RPS). The company will issue 21 RPS for every 1 equity share held. The same will be distributed through Court approved scheme of Amalgamation. Further, the company’s board of directors has given a nod for enhancement of FII investment beyond current 49% limit.

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