Zee Media allots 14 crore convertible warrants to 3 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

-1.8%Reaction day

₹8.26

prior close

₹8.16

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.5% vs market

TV Broadcasting & Software Production peers, median of 15sector-1.9%+0.1% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.1 pts more 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

+0.0

10m

-0.2

15m

-0.5

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8-0.3-1.5-1.9+0.1

Next day

+2.4+0.8+1.7-1.2+3.7

+5.8+0.9+4.9-0.6+6.4

+4.7+1.8+2.9-0.2+4.9

+3.9+1.5+2.4-1.2+5.1

+1.2+1.7-0.5-2.1+3.3

-0.6-1.1+0.5-4.1+3.5

15d

-1.9+1.0-2.9-4.6+2.7

-6.9+0.4-7.3-6.7-0.3

+5.0+6.4-1.4-10.0+14.9

-12.5+5.5-17.9-14.3+1.8

UpDownMarket · Nifty Microcap 250Sector · TV Broadcasting & Software Production peers, median of 15Pending

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

AI summary

Zee Media has allotted 14 crore fully convertible warrants at Rs 8.50 each to three Foreign Portfolio Investors, raising Rs 119 crores on a preferential basis. Allottees: Magnifica Global Opportunities (4.5 crore warrants), Minerva Ventures Fund (4.5 crore warrants), and Sun India Opportunities Investing Fund (5 crore warrants). Company received 25% upfront (Rs 29.75 crores); balance 75% is payable within 18 months on conversion to equity shares at Rs 8.50 per share.

Likely market impact

Raises Rs 119 crores from FPIs via warrants. If fully converted, FPIs will hold about 15.75% combined on diluted basis, leading to equity dilution.