Board Meeting11 Jul 2026, 12:01 pm
HT Media Approves Warrant Issuance for ₹95.3 Cr
AI Summary
HT Media Ltd's Board of Directors has approved the issuance of 3,87,87,137 warrants on a preferential basis to proposed allottees, including The Hindustan Times Ltd. Each warrant carries the right to subscribe to one fully paid-up equity share at an issue price of ₹24.57. The aggregate cash consideration for this preferential issue is up to ₹95,29,99,956.09. The company will convene an extraordinary general meeting (EGM) on August 7, 2026, to seek shareholder approval for this issuance. The details of the preferential issue are in compliance with SEBI regulations.
Key Highlights
- Board approved issuance of 3,87,87,137 warrants via preferential issue.
- Total funds raised expected to be up to ₹95.3 Crores.
- Issue price set at ₹24.57 per warrant.
- EGM scheduled for August 7, 2026, for member approval.
- Proposed allottees include The Hindustan Times Ltd and others.
Price Impact
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