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Zee Entertainment reinstates increments from September 1

By Economic Times - 24 hours ago
Zee Entertainment Enterprises Limited has reinstated salary increments effective September 1, 2024, after a previous 15% workforce reduction. A portion of this increment is already factored into Q2 results. Despite this, ZEEL's employee benefits expense decreased by 12%. The company aims for a 20% EBITDA margin by FY26, involving cost optimizations and personnel restructuring.

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