At its 25th annual general meeting held on Aug. 17, 2007, the directors of Zee Entertainment Enterprises has approved dividend at the rate of 150% (i.e. Re 1.50) a share of Re 1 each.

Zee Entertainment Enterprises, formerly called Zee Telefilms got demerged into four different arms in the year 2006. It was established in October 1992 to keep on as a content supplier for Zee TV.

Zee is a groundbreaker in the content accumulation and allocation, through satellite, cable and internet. The company’s operations span the complete media range comprising, television programming, satellite broadcasting, cable distribution, production and distribution of films, music publishing, long distance education and the creation of animation software.

Shares of the company lost Rs 7 or 2.34% at Rs 291.90. The scrip traded with total volume of 552,042 shares on the Bombay Stock Exchange (BSE).