Shareholding29 Jun 2026, 11:00 am
Magnifica Global Acquires Convertible Warrants in Zee Media
AI Summary
Magnifica Global Opportunities Fund has acquired 4,50,00,000 fully convertible warrants in Zee Media Corporation Ltd via preferential allotment. The warrants were issued at ₹8.50 each, with a premium of ₹7.50, and are convertible into equity shares of ₹1 face value at a conversion price of ₹8.50 per share. The acquisition is part of a strategic move, with the warrants exercisable within 18 months. This transaction impacts the company's diluted share capital, considering previous warrant allotments.
Key Highlights
- Magnifica Global acquired 4.5 crore convertible warrants.
- Acquisition was via preferential allotment at ₹8.50 per warrant.
- Warrants are convertible into equity shares within 18 months.
- Transaction impacts Zee Media's diluted share capital.
- Disclosure made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Price Impact
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