SES Revises Stance on Zee Promoter Stake Hike

SES revises stance on Zee promoter stake hike

SES reverses stance on Zee promoter stake hike, now backing the Rs 2,237 crore preferential allotment plan citing premium pricing and improved perception. If approved, promoter stake to rise from 3.99% to 18.39%. InGovern and IiAS remain opposed ahead of July 10 EGM.

SES Reverses Stand, Backs Zee Promoters’ ₹132 Warrant Issue After Rebuttal

Mumbai: In a notable shift, leading proxy advisory firm Stakeholders Empowerment Services (SES) has revised its earlier recommendation and now supports Zee Entertainment Enterprises Ltd’s (ZEEL) proposed preferential issue of fully convertible warrants to promoter group entities. The development comes after Zee issued a detailed rebuttal to SES’s original stance opposing the move. The warrants, priced at ₹132 apiece, are set to be issued on a pr…

Zee gets a shot in the arm as one of 3 proxy firms backs promoters’ stake hike

New Delhi: One of the three proxy advisors who had warned shareholders against Zee promoters’ attempt to raise their stake, Stakeholders Empowerment Services (SES), on Friday reversed its stance and stated that it now supports Zee Entertainment’s proposal to issue fully convertible warrants to promoter group entities. Ahead of the July 10 EGM, SES, which had earlier advised voting against the resolution over governance and pricing concerns, chan…

SES Revises Stance on ZEE Stake Proposal, Advises Shareholders to Vote in Favour I India CSR

Proxy Advisory Firm Acknowledges Price Premium Over Benchmark, Despite Initial Concerns MUMBAI (India CSR): In a significant development for ZEE Entertainment Enterprises Ltd (ZEE), proxy advisory firm Stakeholders Empowerment Services (SES) has changed its earlier recommendation and now advises shareholders to vote in favour of the promoter group’s stake enhancement proposal. This follows a detailed reassessment by SES, as captured in its lates…