Zee Entertainment's Board approved a ₹116 crore investment in Phantom Digital Effects' Compulsorily Convertible Debentures on April 17, 2026.
The strategic partnership aims to enhance Zee's AVGC content capabilities using Phantom's VFX, animation, and AI-integrated production workflows.
Phantom reported FY25 turnover of ₹1022 million and operates globally with studios like Milk VFX and Tippett Studio.
The transaction is not a related party transaction and requires no governmental approvals.