Zee Entertainment Announces Rs 600 Crore Share Buyback; Check Record Date, Premium & Key Details

Zee Entertainment Enterprises Ltd (ZEEL) has announced a share buyback worth up to Rs 600 crore, offering shareholders an opportunity to tender their shares at Rs 91 apiece. The company's board approved the proposal on Thursday, November 12th through the tender offer route.

Under the buyback, Zee will repurchase up to 6,59,34,065 fully paid-up equity shares, each having a face value of Re 1. The buyback price of Rs 91 per share represents a premium of approximately 24% over the company's closing share price of Rs 73.50 on the NSE.

The company has fixed November 25, as the record date for determining shareholders eligible to participate in the buyback.
Zee Entertainment Buyback 2026.

The board has approved the purchase of up to 6.59 crore equity shares at Rs 91 per share, with the total buyback consideration capped at Rs 600 crore. The payment will be made in cash, and the offer will be conducted on a proportionate basis through the tender offer route.

The buyback price is higher than the stock's latest closing price, offering a premium of around 23.8% to investors based on the November 12 NSE closing level.

Zee Entertainment said its promoters and members of the promoter group have indicated that they do not intend to participate in the proposed buyback.

Zee Share Price Down 78% In Five Years

Zee Entertainment shares have declined approximately 78% over the past five years and 73% over three years. It is also down around 23% year-to-date in 2026.

Zee shares were trading at Rs 69.22 on November 9, after the company announced that its board would meet on November 12 to consider a buyback, interim dividend or other capital-allocation measures.

Zee Entertainment Q2 FY27 Results

The buyback decision follows the company's second-quarter performance for the financial year 2026-27.

Zee Entertainment reported consolidated revenue of Rs 2,247 crore in Q2 FY27, registering a year-on-year increase of 12.6%. Subscription revenue grew 30.2%, with the company citing the impact of FIFA-related revenue.

However, the company's profitability continues to face pressure from weakness in the linear advertising business. Operating margins have compressed to the mid-single-digit range compared with the 10-14% levels recorded during FY23-FY25.