The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for AUV Innovations LLP
ZEEMEDIA · price
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Awaiting price reaction for this filing.
AUV Innovations LLP, part of the promoter group of Zee Media Corporation, bought 1,00,00,000 equity shares through the open market on August 21, 2025. This raised its holding from 2,39,84,375 shares (3.83%) to 3,39,84,375 shares (5.43%) of the company. The disclosure was filed under Regulation 29(1) of SEBI's Takeover Regulations because the acquisition crossed the 5% reporting threshold. The total equity capital of Zee Media stands at Rs. 62.54 crore (62.54 crore shares of Re. 1 each), with diluted capital of Rs. 89.38 crore assuming full conversion of outstanding warrants.
This is a positive signal showing promoter group confidence, as they are increasing their stake rather than reducing it. The open-market buying may provide some price support, though promoter holding remains relatively low at 5.43%.