Zee Entertainment Enterprises Capital Structure Change
Zee Entertainment Enterprises submitted a statutory auditor's certificate confirming receipt of Rs. 75.79 Crore from Sunbright Mauritius Investments Limited. This represents the upfront consideration for 2,40,59,266 convertible warrants.
Zee Entertainment Enterprises Capital Structure Change
Zee Entertainment allotted 2.41 crore convertible warrants to promoter group entity Sunbright Mauritius Investments at ₹126 per warrant, representing a total value of ₹303.15 Crore.
Zee Entertainment Enterprises Capital Structure Change
Sunbright Mauritius Investments Limited acquired 20,94,47,805 warrants of Zee Entertainment Enterprises Limited. This preferential allotment represents a 17.90% stake on a fully diluted basis.
Zee Entertainment Enterprises Capital Structure Change
Zee Entertainment allotted 20.94 crore warrants at ₹126 each, raising approximately ₹2,639.04 crore. The preferential issue will increase paid-up capital upon warrant conversion.
Zee Entertainment Enterprises Capital Structure Change
Zee Entertainment allotted 20.94 crore warrants at Rs 126 per warrant, convertible into equity shares. This preferential issue increases the company's capital base.
Zee Entertainment Enterprises Capital Structure Change
Zee Entertainment allotted 20.94 crore convertible warrants to Sunbright Mauritius Investments at ₹126 per warrant. The company received ₹659.76 Crore as 25% subscription money.
Zee Entertainment Enterprises Capital Structure Change
ZEEL approved a ₹3,143.52 Crore preferential issue of convertible warrants to Sunbright Mauritius Investments. The warrants are exercisable within 18 months at ₹126 per share.