SAT had earlier allowed Zee to raise funds through warrants and gave the broadcaster a week to complete the subscription. That deadline fell on Aug 21. Zee allotted about 21 crore warrants at Rs 126 apiece to Sunbright Mauritius Investments, a promoter group entity, on that date. Sunbright had paid 25% of the amount — about Rs 660 crore — at allotment.
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.