Zee Entertainment Enterprises Ltd raised Rs 660 crore through convertible warrants to a promoter group entity. Sunbright Mauritius Investments Ltd paid twenty-five percent upfront for these warrants. The company’s promoter group holding will increase significantly after full conversion. This allotment follows approvals from various regulatory bodies and the Securities Appellate Tribunal. The preferential issue cleared a prolonged fundraise overhang due to past regulatory proceedings.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.