Loan & Debt18 Jul 2026, 09:30 pm
Zee Entertainment Redeems USD 23.9M FCCBs, Cancels USD 215.1M Commitment
AI Summary
Zee Entertainment Enterprises Ltd has announced the redemption of its outstanding Foreign Currency Convertible Bonds (FCCBs) amounting to USD 23.90 million, along with accrued interest. This action is in compliance with SEBI regulations and the terms of the FCCBs. Furthermore, the company, with approval from the RBI, has cancelled the unutilized FCCB commitment of USD 215.1 million. This move signifies a significant reduction in outstanding debt and a streamlining of financial obligations.
Key Highlights
- Redemption of FCCBs worth USD 23.90 million completed.
- Accrued interest on FCCBs has also been paid.
- Unutilized FCCB commitment of USD 215.1 million cancelled.
- Action taken in compliance with SEBI regulations and FCCB terms.
- RBI approval obtained for cancellation of commitment.
Price Impact
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