Zee Entertainment allots 20.94 crore warrants to promoter entity; stake could rise to 17.90%
Zee Entertainment Enterprises has allotted over 20.94 crore convertible warrants to a Mauritius-based promoter group, potentially raising the founding family’s stake to nearly 18% after necessary regulatory clearances. The warrants carry an exercise price of Rs 94.50 and can be converted into equit…
Zee Entertainment allots 20.94 crore convertible warrants at Rs 126 each According to the company’s filing with the BSE and NSE, the Preferential Issue and Allotment Committee approved the allotment of 20,94,47,805 fully convertible warrants to Sunbr... [2739 chars]