Zee Entertainment shares drop on ₹3,144 cr capital raise approval
after close1 source ↓written by the desknot a recommendation
- on Thursday
- 3%
- is set
- ₹126 per warrant
- upfront payment
- ₹31.50
Shares of Zee Entertainment Enterprises fell 3% on Thursday after the board approved a capital raise of ₹3,143.52 cr through a preferential issue of fully convertible warrants to promoter entity Sunbright Mauritius Investments. The issue price is set at ₹126 per warrant, with an upfront payment of ₹31.50. This capital infusion aims to support the company's strategic expansion plans.
Not investment advice. For informational purposes only.