Zee Entertainment Enterprises Limited has announced the allotment of 2,40,59,266 fully convertible warrants to Sunbright Mauritius Investments Limited, a promoter group entity. This allotment was made on a preferential basis at an issue price of ₹126 per warrant. The company has received 25% of the warrant issue price upfront, with the remaining amount due within 18 months for conversion into equity shares.
Warrant Allotment to Promoter Group
Zee Entertainment Enterprises Limited has formally allotted 2,40,59,266 fully convertible warrants (“Warrants”) to Sunbright Mauritius Investments Limited, a promoter group entity. This allotment, confirmed on August 27, 2026, was conducted on a preferential basis. The total Warrant Issue Price for these warrants is ₹126 per warrant.
Subscription and Conversion Details
The company has received 25% of the Warrant Issue Price, amounting to ₹31.50 per warrant, from Sunbright Mauritius Investments Limited. This initial payment aggregates to ₹75,78,66,879. The warrants are convertible into one fully paid-up equity share of the Company per warrant. The allottee has a period of 18 months from the allotment date to convert these warrants, upon payment of the remaining 75% of the exercise price.
The exercise of each warrant will result in the issuance of one equity share of face value ₹1, at a price of ₹126 per share (including a premium of ₹125). The amounts paid against the warrants will be adjusted against the issue price of the resultant equity shares.
Impact on Share Capital
As of the current date, the allotment of these warrants has not resulted in any change in the paid-up share capital of the Company.
Source: BSE
