Zee Entertainment Allots ₹2,640 Crore Warrants To Promoter Group Entity Sunbright Mauritius
Zee Entertainment Enterprises has allotted 20.94 crore fully convertible warrants to promoter-group entity Sunbright Mauritius Investments at Rs 126 each. Sunbright has paid Rs 659.76 crore upfront, with the balance due within 18 months. Full conversion could increase promoter-group ownership in ZE…
Zee Entertainment Enterprises Ltd (ZEEL) has allotted 20,94,47,805 fully convertible warrants to Sunbright Mauritius Investments Ltd, a promoter-group entity, at Rs 126 per warrant. According to a report by Moneycontrol, the allotment was completed o... [1716 chars]