Business

Zee Entertainment allots 20.94 cr convertible warrants to promoter group entity

The Economic Times · 22 August 2026 at 3:21 pm

Zee Entertainment Enterprises has issued warrants to Sunbright Mauritius Investments Ltd, following the necessary board sanctions and regulatory approvals for their funding initiative.

This move has attracted a subscription of Rs 659.76 crore, allowing Sunbright Mauritius to secure a substantial stake once the warrants are fully converted.

Notably, these warrants are eligible for conversion within a period of eighteen months from the date of allotment.

Read the full article on The Economic Times ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.

Zee Entertainment allots 20.94 cr convertible warrants to promoter group entity

More from The Economic Times

Want NSE shares before the IPO? Here’s how the unlisted market works

Jefferies cuts HDFC Bank price target, retains Buy after CEO exit. Here’s why

Ather Energy shares rally 4% after launch of Konarc electric scooter at Rs 99,999. Buy, sell or hold the stock?

How 90% IPOs in August beat volatile India market to return up to 72% after listing

More in Business

EPFO: Uncovered workers get one-time window to enroll under special social security drive — Check dates, other details

Delhi HC orders forensic audit of Singh brothers' assets in Daiichi case

BRICS Summit tariff spike underscores shortage of 200,000 branded rooms

IMD predicts below-normal September rains; 47% of country rain deficient

Want NSE shares before the IPO? Here’s how the unlisted market works

Last few hours to file tax return: Key pre-filled details ITR-3 and ITR-4 filers must cross-check