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Motilal Oswal Maintains 'Neutral' Stance On Zee Entertainment Shares, But Hikes Target Price — Here's Why

Motilal Oswal remains Neutral on Zee with revised target price to Rs 150

<div class="paragraphs"><p>Zee’s promoters will infuse ~Rs 22.4 billion over a period of 18 months through the issuance of 169.5 m fully convertible warrants at a price of Rs 132/warrant.</p><p>(Photo: Glenn Carstens Peters /Unsplash)</p></div>
Zee’s promoters will infuse ~Rs 22.4 billion over a period of 18 months through the issuance of 169.5 m fully convertible warrants at a price of Rs 132/warrant.

(Photo: Glenn Carstens Peters /Unsplash)

Following a strategic review of Zee’s growth plans and market perception conducted by a banker, the Board has approved an increase in promoter shareholding in the company by way of issuance of fully convertible warrants.
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