Zee Entertainment Enterprises Ltd (ZEEL) has announced a share buyback plan worth up to ₹600 crore, offering ₹91 per share. This price is 23.8% higher than the company’s closing share price of ₹73.50 on the previous trading day. The buyback aims to reward shareholders and reflect confidence in the company’s long-term potential.
- The buyback will cover up to 6.59 crore fully paid-up equity shares.
- The offer price is ₹91 per share, a premium of 23.8% over the recent closing price.
- The record date to determine eligible shareholders is November 25, 2026.
- The buyback will be conducted through the tender offer route.
- Promoters and promoter group members will not participate in the buyback.
What are the details of Zee Entertainment’s share buyback plan?
The board of Zee Entertainment approved the buyback of up to 6.59 crore equity shares, each with a face value of ₹1. The total amount allocated for this buyback will not exceed ₹600 crore. This represents about 7.22% of the company’s total paid-up equity share capital and free reserves combined.
The buyback price is set at ₹91 per share, which is a significant premium compared to the recent market price. The company has fixed November 25, 2026, as the record date to identify shareholders eligible to participate in this offer. The buyback will be executed through the tender offer route, a method where shareholders can choose to sell their shares back to the company at the offered price.
Why is Zee Entertainment conducting this buyback?
The company stated that the buyback aligns with its goal to consistently deliver sustainable value to shareholders. Chairman R Gopalan highlighted that the decision reflects confidence in the company’s fundamental strength and future opportunities. The board believes the company’s intrinsic value is not fully reflected in the current market price, and the buyback is a strategic move to reinforce shareholder confidence and create long-term value.
How has Zee Entertainment’s stock performed recently?
Over the past six months, Zee Entertainment’s shares have declined by 14%, and since the beginning of 2026, the stock has fallen by 18%. The shares reached a 52-week high of ₹118.35 on June 23, 2026, and a low of ₹60.60 on November 4, 2026. On the day of the announcement, shares traded at ₹72.05, down nearly 2% from the previous close.
What is the company’s recent financial performance?
In the second quarter ended September 30, 2026, Zee Entertainment reported a consolidated net profit of ₹55.6 crore, down 40.3% from ₹76.5 crore in the same quarter last year. Despite the profit decline, revenue from operations increased by 13% to ₹2,225 crore compared to ₹1,969 crore in Q2 FY26.
However, the company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) dropped 46% year-on-year to ₹86.3 crore. Operating margins also fell, with the EBITDA margin decreasing from 8% to 3.8%.
What is the market capitalization of Zee Entertainment?
As of November 12, 2026, Zee Entertainment’s market capitalization stood at approximately ₹7,059.82 crore, according to National Stock Exchange data.
Frequently Asked Questions
Q: What is the buyback price per share offered by Zee Entertainment?
A: The buyback price is ₹91 per share.
Q: When is the record date for the buyback?
A: The record date is November 25, 2026.
Q: Will promoters participate in the buyback?
A: No, promoters and promoter group members have indicated they will not participate.
Q: How will the buyback be conducted?
A: The buyback will be conducted through the tender offer route.
