Zee Media Corporation Limited Approves Private Placement of FCCBs to Sun India Opportunities Investing Fund
Zee Media Corporation Limited has approved the allotment of Foreign Currency Convertible Bonds (FCCBs) through a private placement, granting the securities to Sun India Opportunities Investing Fund 'incorporated VCC sub-fund'. The decision was made by the Securities Issue and Allotment Committee (SIA) during a meeting held on July 30, 2026.The company allotted 3,960 FCCBs, each valued at US$ 1000, to the Investor, following the receipt of subscription money. The issuance is for 5% coupon, unsecured, and unlisted status.
Upon the allotment of the bonds, there will be no change in the paid up share capital of Zee Media Corporation Limited at this stage.
The FCCBs are convertible into equity shares under specified terms. If the investor converts all 3,960 FCCBs (each valued at US$ 1000), they are entitled to receive a total of 2,51,70,552 fully paid up equity shares. The conversion price is set at Rs. 13.50 per equity share.
Key details regarding the allotment and investment structure are presented below:
| Particulars | Details |
|---|---|
| Type of Securities Issued | 5% coupon, unsecured, unlisted, Foreign Currency Convertible Bonds (FCCBs) maturing in 10 years. |
| Issuance Method | Private placement. |
| Number of FCCBs Allotted | 3,960. |
| Issue Price per FCCB | US$ 1000. |
| Investor Name | Sun India Opportunities Investing Fund 'incorporated VCC sub-fund'. |
| Conversion Entitlement (Total Shares) | 2,51,70,552 fully paid up equity shares. |
| Conversion Price per Equity Share | Rs. 13.50. |
The terms stipulate that the conversion of the FCCBs will be at the option of the holder, and the conversion price of Rs. 13.50 per equity share includes a premium of Rs. 12.50 per equity share.
ZEEMEDIA Stock Price Movement
Zee Media Corporation Limited shares slipped on Thursday, shedding 3.01% to close at ₹7.46 after trading against the backdrop of a volatile session. The stock saw significant activity, with traders exchanging 3.08 million shares as it edged down toward the day's low of ₹7.40.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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