Zee promoters have a new challenge to navigate. And it’s not about funding or Sebi probe.

Our Founder and MD, Mr. Shriram Subramanian, has shared his views on the Zee promoter stake hike rejection with The Economic Times.

He noted, "Given the track record and the ongoing SEBI investigation, institutional shareholders were uncomfortable with the uncertainty on the source of promoter funding. The trust equation between the promoters and institutional shareholders is very low and has to be regained proactively by the company and the promoters over a period of time. The fundraise itself is not a setback to the company as there is INR 2,406 crore cash and cash equivalents on the books of the company,".

Read the Full Article: https://economictimes.indiatimes.com/prime/corporate-governance/zee-promoters-have-a-new-challenge-to-navigate-and-its-not-about-funding-or-sebi-probe-/primearticleshow/122416555.cms?from=mdr