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Zee Entertainment Allots Convertible Warrants to Promoter Group
Zee Entertainment has allotted 20.94 crore convertible warrants to a promoter group entity. This move is part of a financial arrangement within the company.
22 Aug, 06:28 — 22 Aug, 09:51
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economic-timesmoneycontrol
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economic-times2d ago
Zee Entertainment allots 20.94 cr convertible warrants to promoter group entity
Zee Entertainment Enterprises has issued warrants to Sunbright Mauritius Investments Ltd, following the necessary board sanctions and regulatory approvals for their funding initiative. This move has attracted a subscription of Rs 659.76 crore, allowing Sunbright Mauritius to secure a substantial stake once the warrants are fully converted. Notably, these warrants are eligible for conversion within a period of eighteen months from the date of allotment.
Read full article →moneycontrol3d ago
Zee Entertainment promoter allotted convertible warrants - Moneycontrol.com
Zee Entertainment promoter allotted convertible warrants Moneycontrol.com
Read full article →Coverage Timeline
First report: moneycontrol · 22 Aug, 06:28|Full coverage: 2 · 3h|Window: 3h
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