Zee Entertainment announces ₹600 cr share buyback: Stock down 3% - Check record date, price, other key things to know

Zee Entertainment has approved a share buyback plan worth ₹600 crore. The company will buy back up to 6.59 crore fully paid-up equity shares at a price of ₹91 per share. This move allows the company to return surplus capital to its shareholders, who can tender their shares for the buyback. The offer is a proportionate one, meaning existing shareholders will get an opportunity to sell their shares based on their current holding.

This decision is significant for investors as it provides an exit option at a premium over the current market price. The buyback is also expected to improve the company's earnings per share by reducing the number of outstanding shares. Promoters have decided not to participate in the buyback, and 15% of the total buyback amount has been reserved for small shareholders.

Shareholders whose names appear in the company's records as of November 25, 2026, will be eligible for the buyback. Investors should keep an eye on the market price of the stock relative to the buyback price. A discount to the buyback price could present an opportunity, while a premium might make the offer less attractive.