Phantom Digital Effects Limited Allots 54 Lakh CCDs to Zee Entertainment Enterprises
Phantom Digital Effects Limited announced a significant financing transaction on June 18, 2026, following the Board of Directors' approval. The company completed the preferential allotment of Compulsory Convertible Debentures (CCDs) to Zee Entertainment Enterprises Limited.The allotment involved 54,08,481 CCDs and was made to the allottee, categorized as belonging to the Non-Promoter Public Category.
The transaction details indicate that each CCD had a face value of ₹10 and carried a premium of ₹203.93. The total consideration received from Zee Entertainment Enterprises Limited for these securities amounted to ₹115,70,36,340.
A summary of the allotment and its financial structure is provided below:
| Allotment Detail | Value / Particulars |
|---|---|
| Allottee Name | Zee Entertainment Enterprises Limited |
| Number of CCDs Allotted | 54,08,481 |
| Face Value per CCD (in INR) | ₹10 |
| Premium per CCD (in INR) | ₹203.93 |
| Total Consideration Received (in INR) | ₹115,70,36,340 |
The securities allotted are identified as 0.01% Unsecured Compulsory Convertible Debentures (CCDs). The issuance was conducted on a preferential basis in accordance with applicable regulations.
Regarding the terms of the CCDs, the conversion period is set for 18 months from the date of allotment. Phantom Digital Effects Limited noted that further communication regarding the conversion or lapse of the tenure of these instruments will be made as required.
PHANTOMFX Stock Price Movement
Shares of Phantom Digital Effects Limited are climbing to ₹178.35 as of 3:10 PM today, gaining ₹0.50 or 0.28% in live trading. The stock is witnessing activity on a volume of 7,800 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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