Zee Entertainment Enterprises Completes Redemption of FCCBs and Cancels Unutilized Commitment
Zee Entertainment Enterprises Limited has announced the redemption of its outstanding Foreign Currency Convertible Bonds (FCCBs) and the cancellation of a significant unutilized commitment, signaling major updates regarding its debt structure.The company confirmed that it had redeemed the outstanding FCCBs, along with accrued interest. The total value aggregated for this redemption amounted to USD 23.90 million.
In addition to the bond redemption, Zee Entertainment Enterprises Limited announced that the unutilized FCCB commitment has been cancelled. This cancellation pertains to a commitment of USD 215.1 million and occurred following requisite regulatory approval.
ZEEL Stock Price Movement
Zee Entertainment Enterprises Limited gained 0.83% on Friday, with shares settling at ₹107.4 per share. The stock saw active trading, recording a volume of 26.33 million shares during the session.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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