Zee gets nod from foreign shareholder for promoter stake hike - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Zee gets nod from foreign shareholder for promoter stake hike

Norges Bank Investment Management, a significant foreign institutional shareholder, has approved Zee Entertainment's preferential issue of 169.5 million fully-convertible warrants to its promoters, a move set to infuse Rs 2,237 crore and raise promoter stake to over 18%.

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