Investment25 Jun 2026, 01:31 pm
Zee Media Allots 14 Cr Warrants Worth ₹119 Cr
AI Summary
Zee Media Corporation Ltd has allotted 14,00,00,000 (Fourteen Crores) fully convertible warrants at a price of ₹8.50 per warrant, aggregating up to ₹1,19,00,00,000. The allotment is on a preferential basis to Public Category - Foreign Portfolio Investors, including Magnifica Global Opportunities VCC, Minerva Ventures Fund, and Sun India Opportunities Investing Fund. The company has received 25% of the Warrant Issue Price as subscription. These warrants are convertible into equity shares within 18 months upon payment of the exercise price.
Key Highlights
- Allotted 14 crore warrants at ₹8.50 each.
- Total issue size aggregates to ₹119 crore.
- Allotment is on preferential basis to FPIs.
- Warrants convertible into equity within 18 months.
- No change in paid-up share capital at this stage.
Price Impact
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