Board allots 14 crore convertible warrants to FPIs at Rs 8.50

Fund Raising View source PDF Explain this filing

ZEEMEDIA · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹8.45

prior close

₹8.23

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-1.6% vs market

TV Broadcasting & Software Production peers, median of 16sector-2.0%-0.3% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 0.3 pts less than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

+0.1

15m

+0.0

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2-0.6-1.6-2.0-0.3

Next day

-4.0-0.9-3.1-3.0-1.1

+0.1+0.1-0.0-1.9+2.0

+3.4+0.3+3.1-2.1+5.6

+2.4+1.2+1.2-1.9+4.3

+1.5+0.8+0.7-4.0+5.5

-0.6+0.3-0.9-2.8+2.2

15d

-3.0-0.2-2.7-6.9+3.9

-5.4+0.6-6.0-6.6+1.1

+7.9+4.7+3.3-12.3+20.3

-10.8+5.4-16.2-13.9+3.1

UpDownMarket · Nifty Microcap 250Sector · TV Broadcasting & Software Production peers, median of 16Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Zee Media allotted 14 crore fully convertible warrants at Rs 8.50 each to three Foreign Portfolio Investors, raising up to Rs 119 crore. Allottees: Magnifica Global Opportunities, Minerva Ventures Fund, and Sun India Opportunities Fund. Company received Rs 29.75 crore as 25% upfront. Each warrant converts to one equity share within 18 months. No immediate change in paid-up capital. Post-conversion, FPIs will collectively hold about 15.75 percent on a fully diluted basis.

Likely market impact

FPIs collectively gaining about 15.75 percent stake post conversion, potential dilution for existing shareholders. Positive signal of foreign investor interest.