Zee Entertainment Stock Price: The board of Z Entertainment Enterprises Limited has approved the release of 16,95,03,400 i.e. 16.95 crore Fully Convertible Warrant. These warrants will be released to Altillis Technologies Private Limited and Sunborn Mauritius Investments Limited on the preference basis at a price of Rs 132 per warrant. These are promoter group antics. In this way, the total value of this issue will be Rs 2237,44,48,800 i.e. Rs 2237.44 crore. Each warrant will be able to convert to a fully paid up equity share of a company with a face value of 1 rupee.
The company has told the stock markets that warrantholders can convert them into shares within 18 months from the date of warrant allotment in one or more stages. For this, they will have to pay a warrant exercise price of Rs 99 per warrant. This warrant issue is yet to be taken shareholders and other regulatory approvals. The approval of the shareholders will be taken in the company’s extraordinary general meeting on 10 July.
How much will the promoters share to increase
The move aims to strengthen the financial foundation of G Entertainment and support strategic growth plans in content and technology. This will increase the promoters’ stake in the preference issue company by 18.39%. By the end of March 2025, the promoters had 3.99 percent stake in the company. The price of the warrant is above the minimum price of Rs 128.58 fixed by the Capital Market Regulator SEBI, in which the promoters are paying a premium of Rs 3.42 per unit of their will.
Zee entertainment 37 percent strong in 3 months
Zee Entertainment shares closed at Rs 137.95 with a 0.44 percent gain on BSE on June 16. It could bounce on June 17 after the new development. The company’s market cap is Rs 13250 crore. The stock has gained 37 percent in 3 months. At the same time, it has seen a rise of 8 percent in a week. The 52 -week high of the stock of the stock is Rs 165.50, which was recorded on 14 June 2024. The 52 -week low of Rs 89.29 was seen on 4 March 2025. Nuwama Institutional Equities have set a target price of Rs 178 per share with a ‘BUY’ rating for shares.
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