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Zee board backs promoter stake expansion to 24%
Zee Entertainment's board has greenlit a significant fundraising move, approving the issuance of warrants worth up to ₹3,143.5 crore to a promoter group entity, Sunbright Mauritius Investments. This strategic move, pending shareholder and regulatory nods, could substantially boost the promoter group's stake to nearly 24%. The warrants, priced at ₹126 each, require an upfront payment of 25%, with the balance due upon conversion within 18 months.
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thehindubusinessline.com
Zee Entertainment to raise up to ₹3,144 crore through warrant issue to promoter group entity
Zee Entertainment plans to raise ₹3,144 crore via warrants for promoters and introduces an employee stock option scheme.
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economictimes.indiatimes.com
Zee board backs promoter stake expansion to 24%
Zee Entertainment's board has greenlit a significant fundraising move, approving the issuance of warrants worth up to ₹3,143.5 crore to a promoter group entity, Sunbright…
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Zee Entertainment plans ₹3,143-crore warrant issue for promoter group
Zee Entertainment plans to issue ₹3,143 crore in warrants to promoters, requiring 25% upfront payment for conversion.