Zee Entertainment board to meet Nov. 12 on buyback proposal
In short
Zee Entertainment's board will meet on November 12 to look at a share buyback, an interim dividend and other steps. The move comes after the company's share price fell.
What the reporting says
Zee Entertainment's board will meet on November 12 to consider a share buyback, interim dividend and other steps, according to the reported update. The meeting comes as the company looks to bolster investor confidence after a decline in its share price.
Why it matters
Zee Entertainment's board is set to meet on November 12 to consider a share buyback, an interim dividend and other measures. The reported aim is to bolster investor confidence after a decline in the company's share price. The source gives no buyback size, dividend amount or decision outcome, so the market impact is still only a proposal stage.