Zee Media Corporation Limited — QIP/Rights/Pref., 08-04-2025: FCCBs

Zee Media Corporation has announced a board meeting where it approved the issuance of Foreign Currency Convertible Bonds (FCCBs) up to USD 46.59 million, with a 5% coupon and a maturity of 10 years, via private placement to UNICO Global Opportunities Fund Limited and Sun India Opportunities Investing Fund. The conversion price is set at Rs. 13.50 per equity share, with a total potential issue size of approximately Rs. 399.78 crore based on the current conversion rate. The issuance will not be listed on any stock exchanges.