Deals27 Jun 2026, 05:40 pm
Zee Media Allots 14 Cr Warrants to Minerva Ventures Fund & Others
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 Minerva Ventures Fund, Magnifica Global Opportunities VCC-MGO High Conviction Fund, and Sun India Opportunities Investing Fund. The allotment is at a price of ₹8.50 per warrant, aggregating to ₹119 Crores. The company has received 25% of the subscription price, amounting to ₹29.75 Crores. These warrants are convertible into equity shares within 18 months.
Key Highlights
- 14 Cr warrants allotted on preferential basis.
- Minerva Ventures Fund among the key allottees.
- Total issue size aggregates to ₹119 Crores.
- 25% subscription amount received upfront.
- Warrants convertible to equity within 18 months.
Price Impact
More from ZEEMEDIA