ZEE receives shareholder approval to raise ₹2,000 crore via equity shares and QIPs after Sony's merger cancellation.

Zee Entertainment Enterprises (ZEE) has received shareholder approval to raise ₹2,000 crore via the issuance of securities, including equity shares and qualified institutional placements (QIPs). The approval comes after Sony scrapped its $10 billion merger with ZEE earlier this year. ZEE has since announced a range of cost-cutting measures, including cutting 15% of its workforce.