Investment29 Jun 2026, 12:22 pm
Zee Media Allots 14 Cr Warrants for ₹119 Cr Preferential Issue
AI Summary
Zee Media Corporation Ltd has allotted 14,00,00,000 (Fourteen Crores) fully convertible warrants on a preferential basis to foreign portfolio investors, including Magnifica Global Opportunities VCC, Minerva Ventures Fund, and Sun India Opportunities Investing Fund. The total issue size is approximately ₹119 Crores, with warrants issued at ₹8.50 each. The company has received 25% of the issue price as subscription. These warrants are convertible into equity shares within 18 months at a specified exercise price.
Key Highlights
- Allotment of 14 Cr warrants to FPIs.
- Total preferential issue size of ₹119 Crores.
- Warrants convertible into equity within 18 months.
- No change in paid-up share capital at this stage.
Price Impact
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