Sunbright Mauritius Investments Limited has announced the acquisition of 20,94,47,805 warrants convertible into fully paid-up equity shares of Zee Entertainment Enterprises Limited. The acquisition, dated August 21, 2026, represents approximately 17.90% of the diluted share capital of Zee Entertainment. These warrants are valid for conversion within a maximum period of 18 months.
Sunbright Mauritius Acquires Warrants in Zee Entertainment
Sunbright Mauritius Investments Limited has disclosed the acquisition of a substantial number of warrants in Zee Entertainment Enterprises Limited. The company acquired 20,94,47,805 warrants, each convertible into one fully paid-up equity share of Zee Entertainment. This transaction took place on August 21, 2026, and is disclosed as per SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of the Acquisition
The acquisition was made through a Preferential Allotment. These warrants entitle the holder to seek conversion into equity shares within a maximum period of 18 months from the allotment date. Each warrant, upon conversion, will result in one fully paid-up equity share of Zee Entertainment, with a face value of Re. 1/- each.
Potential Equity Stake
Following the acquisition of these warrants, Sunbright Mauritius Investments Limited holds a position that represents approximately 17.90% of the diluted share capital of Zee Entertainment Enterprises Limited. The equity share capital of Zee Entertainment before this acquisition was Rs. 96,05,19,420, divided into 96,05,19,420 Equity Shares of Re. 1/- each. The total diluted share/voting capital of Zee Entertainment after the said acquisition is estimated at Rs. 116,99,67,225 Equity Shares, assuming full conversion of the acquired warrants.
The announcement was made by Hemshunkur Ramdin, Director at Sunbright Mauritius Investments Limited, on August 25, 2026.
Source: BSE
