When a company flush with ₹24.1 billion in cash and cash equivalents decides to dilute public shareholders, it suggests something's seriously wrong with its strategic pipeline.At first glance, Zee Entertainment Enterprises Ltd’s decision to raise ₹22.37 billion through preferential warrants appears to be a routine corporate action. The preferential warrants, priced at ₹132 per share and set to boost the Chandra family's stake from 3.99% to 18.39%, might be interpreted as promoter confidence.
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