Zee Entertainment Enterprises Ltd (ZEEL) has approved a proposal to raise a minimum of Rs 2,300 crore to support its strategic growth plans and business expansion initiatives.

The company's Board of Directors, at its meeting held on June 10, cleared the fundraising proposal, which may be executed in one or more tranches depending on market conditions and business requirements.

While the company has confirmed the size of the proposed capital raise, it has not yet disclosed the specific route through which the funds will be mobilized. Details regarding the fundraising structure are expected to be announced at a later stage.

The proposed capital infusion is aimed at strengthening Zee Entertainment's financial position and providing resources to pursue strategic opportunities, enhance operational capabilities, and support future growth initiatives in the evolving media and entertainment landscape.