Corporate Action27 Aug 2026, 08:40 pm
Zee Ent Allots 2.4 Cr Warrants to Promoter Group Entity
AI Summary
Zee Entertainment Enterprises Ltd has allotted 2,40,59,266 fully convertible warrants to its promoter group entity, Sunbright Mauritius Investments Limited. The allotment was made on a preferential basis at an issue price of ₹126 per warrant. The company has received 25% of the issue price, ₹31.50 per warrant, aggregating to ₹75.78 crore. These warrants are convertible into equity shares within 18 months upon payment of the exercise price of ₹94.50 per warrant. This transaction does not immediately change the company's paid-up share capital.
Key Highlights
- Allotment of 2.4 crore warrants to promoter group entity.
- Warrants issued on preferential basis at ₹126 each.
- Company received ₹75.78 crore as initial subscription.
- Warrants convertible to equity within 18 months.
- No immediate change in paid-up share capital.
Price Impact
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