Shareholding3 Jul 2026, 10:46 am
Sun India Fund Acquires 3 Cr Zee Media Shares via Warrant Conversion
AI Summary
Sun India Opportunities Investing Fund Incorporated VCC Sub-Fund has acquired 3,00,00,000 equity shares in Zee Media Corporation Limited through the conversion of warrants. This acquisition, effective June 30, 2026, was made on a preferential basis. The fund previously held 5,00,00,000 warrants, and after this conversion, it continues to hold 2,00,00,000 warrants. The newly acquired shares rank pari passu with existing equity shares. The total diluted share capital of Zee Media Corporation Limited, after considering all outstanding warrants, stands at 90,04,28,680 equity shares.
Key Highlights
- Sun India Fund converted 3 crore warrants into Zee Media shares.
- Acquisition occurred on June 30, 2026, via preferential allotment.
- Fund retains 2 crore warrants convertible at ₹8.50 per share.
- Diluted share capital increases post-conversion.
- Transaction falls under SEBI Takeover Regulations.
Price Impact
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