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VERIFIEDET Finance·neutral
Zee allots Rs 2,639 cr warrants to promoter entity, gets Rs 660 cr upfront
AI Summary
- ·Zee Entertainment Enterprises Ltd raised Rs 660 crore through convertible warrants to Sunbright Mauritius Investments Ltd.
- ·Sunbright Mauritius Investments Ltd paid twenty-five percent upfront for the warrants.
- ·The preferential issue is expected to clear a prolonged fundraise overhang.