Announced Wed, 1 Jul · 21:23 IST
ZEEL board approves Rs 3,144 cr warrants to promoter group, ESOP 2026
Fund Raising View source PDF
ZEEL · price
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Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹108.30
prior close
₹108.00
base price
After-mkt
timing
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AI summary
Zee Entertainment board approved issuing up to 24.95 crore fully convertible warrants to promoter group entity Sunbright Mauritius Investments at Rs 126 per share, aggregating about Rs 3,144 crores. 25 percent upfront, balance within 18 months. On conversion, warrants will form up to 20 percent of fully diluted capital. Also approved ESOP 2026 with up to 3.74 crore options at Rs 126 each. Shareholder approval sought.
Likely market impact
Promoter group capital infusion, but up to 20 percent dilution on full conversion. ESOP may add further dilution. Price at 16 percent premium to market.