Zee Entertainment Enterprises has authorised an additional investment of up to ₹100 crore in its subsidiary, ZBullet Enterprises Limited (ZBEL), through Optionally Convertible Debentures (OCDs). This decision was made during the company’s board meeting held on 19 May 2026.
ZBullet Enterprises, which was incorporated on 12 June 2025, is focused on launching a micro drama app named ‘Bullet’ that offers short-form content. The company reported a turnover of ₹34 million for the financial year 2025-26, its first year of operations. ZBEL’s paid-up equity share capital stands at ₹1,00,000, divided into 10,000 equity shares of ₹10 each.
The investment by Zee Entertainment is classified as a related party transaction, as ZBEL is a subsidiary of the company. However, the promoters of Zee Entertainment have no interest in this investment, and the transaction is being conducted on an arm’s length basis.
The funds from the investment are intended to support ZBEL in meeting its ongoing business requirements and general administrative purposes. The investment is planned to be executed in one or more tranches, based on terms and conditions agreed upon by both companies.
No governmental or regulatory approvals are required for this transaction, and the consideration for the investment will be in cash.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).