Announced Fri, 3 Jul · 10:45 IST
Sun India Opportunities Fund files acquisition disclosure in Zee Media
ZEEMEDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹8.65
prior close
₹8.60
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+0.0-0.6-0.6-3.4-2.9-5.1-2.4-4.2-4.5-7.6———
Up moveDown movePending
AI summary
BSE has received a disclosure under SEBI's Takeover Regulations (Regulation 29(1)) from Sun India Opportunities Investing Fund Incorporated, a Mauritius-based entity, regarding creation or change in an agreement to acquire shares in Zee Media Corporation Ltd. Reg 29(1) filings mark the start of the takeover process and may be followed by a public open offer if the deal crosses regulatory thresholds.
Likely market impact
Watch for follow-up open offer announcement; any deal that crosses SEBI's 25% takeover threshold can trigger a mandatory offer to all shareholders at a premium.