Zee Media Corporation Limited — QIP/Rights/Pref., 07-11-2024: Allotment of Securities

Zee Media Corporation has allotted 13,33,33,333 fully convertible warrants at ₹15 each to three Foreign Portfolio Investors, raising nearly ₹200 crore. The allotment allows investors to convert the warrants into equity shares within 18 months, with a conversion price of ₹11.25 per warrant. The company's paid-up share capital remains unchanged until conversion occurs. Allottees include UNICO Global Opportunities Fund, Ebisu Global Opportunities Fund, and AL Maha Investment Fund.