Zee Media share price jumps after Mauritius-based FIIs stake buying
Zee Media Corporation share price was locked in at 5% upper circuit on Tuesday after the Foreign Portfolio Investors (FPIs), including Mauritius-based UNICO Global Opportunities Fund, bought stake int the comapny. Zee Media shares were up 5% at ₹20.22 apiece on the BSE.
Zee Media Corporation has allotted 13.33 crore fully convertible warrants to three FPIs – UNICO Global Opportunities Fund Limited, Ebisu Global Opportunities Fund Limited and AL Maha Investment Fund PCC – Onyx Strategy.
“The Board of Directors of Zee Media Corporation on November 7, 2024, has allotted 13,33,33,333 fully convertible warrants at a price inclusive of both the warrant subscription price and the warrant exercise price of ₹15/- per warrant aggregating to…
