Zee Entertainment board clears share buyback plans worth ₹600 crore; check record date, other details

The shares will be acquired at ₹91 per share, Zee Entertainment Enterprises Ltd (ZEEL) said in a regulatory filing.

The buyback offer price of ₹91 per share represents a premium of 23.8% over the firm’s closing share price of ₹73.50 on Thursday.

The board has “approved proposal for Buy Back of up to 6.59 crore fully paid-up equity shares of face value ₹1 each of the Company of an amount not exceeding ₹600 crore, being 7.22% and 6.61% of the aggregate of the total paid-up Equity Share capital and free reserves of the Company,” ZEEL said.

The company has set November 25, 2026, as the record date to determine which shareholders are eligible to participate in the proposed buyback.

“This is in line with its aspirations to consistently deliver sustainable value to shareholders,” the company said in a statement.

ZEEL will implement the buy-back through the tender offer route, further reaffirming its potential and abilities to drive higher value creation in the long term, it added.

“The Board unanimously arrived at the proposal for buy-back of equity shares after a thorough deliberation of other key routes and the feedback shared by investors and shareholders,” the company said.

The promoters and members of the promoter group have indicated they will not participate in the proposed buyback.

Commenting on the development, Chairman R Gopalan said, “The decision to approve the buy-back of equity shares reflects our confidence in the company’s potential and fundamental strength to capitalise on the opportunities in the future.”

The Board believes that the Company’s intrinsic value is not appropriately reflected in its current market valuation, and the buyback represents a prudent opportunity to reinforce confidence in the Company's capabilities to generate long-term value, he said.

Zee Entertainment Q2 results

The company reported a 40.3% year-on-year (YoY) decline in consolidated net profit to ₹55.6 crore for the second quarter ended September 30, 2026, compared to ₹76.5 crore in the corresponding period of the previous fiscal year.

Its revenue from operations, however, increased 13% annually to ₹2,225 crore from ₹1,969 crore in Q2 FY26. 

At the operating level, Zee’s earnings before interest, tax, depreciation, and amortisation (EBITDA) fell 46% YoY to ₹86.3 crore from ₹159 crore reported in the same quarter of the previous fiscal year.

The operating margins also contracted, with the EBITDA margin slipping to 3.8% from 8% YoY.

Zee Entertainment share price trends

On Thursday, shares of Zee Entertainment settled at ₹73.50 apiece on the National Stock Exchange, rising 3.73%. The development, however, came after market hours.

For the six-month period, Zee Entertainment shares have fallen 14%, while it has tumbled 18% from the beginning of 2026.

Shares of the firm had hit a 52-week high of ₹118.35 on June 23, 2026, and a 52-week low of ₹60.60 on November 4, 2026.

According to NSE data, as of November 12, 2026, the company has a total market capitalisation of ₹7,059.82 crore.