Big boost for Zee Media Corporation! Mauritius-based FII raises stake to 5.04%

Zee Media Corporation disclosed that Mauritius-based FII Magnifica Global Opportunities VCC acquired 4.5 crore fully convertible warrants through a preferential allotment, raising its fully diluted holding to 5.04%. Each warrant was priced at Rs 8.50 (including a Rs 7.50 premium), convertible within 18 months, with the investor paying 25% upfront. The company also reported an FY26 turnaround, posting a net profit of Rs 16.93 crore versus a net loss of Rs 100.33 crore in FY25, with revenue up 26% year-on-year at Rs 571.53 crore.