- By Aditya Pratap Singh
- Wed, 01 Jul 2026 03:23 PM (IST)
- Source:JND
- Zee Media raised Rs 19.20 crore via warrant conversion.
- A foreign investor converted 3 crore warrants to equity shares.
- Company shares rose over 2% in Wednesday's intraday trade.
The shares of Zee Media Corporation remained in focus during intraday trade on Wednesday after the media company raised Rs 19.20 crore after a Singapore-based foreign investor converted warrants to equity shares. Meanwhile, the stock started the session flat at Rs 8.51 on NSE. However, the scrip escalated to touch a day high at Rs 8.85, up over 3 per cent from last day's closing of Rs 8.52 amid buying momentum.
Last seen, the media stock was trading at Rs 8.71, up 2.23 per cent or Rs 0.19. Meanwhile, its 52-week high and low values stood at Rs 15.57 and Rs 6.65, respectively.
Zee Allotted 3 crore paid-up shares
According to an exchange filing, the media firm has allotted 30 million or 3 crore fully paid-up equity shares to Sun India Opportunities Investment Fund Inc. VCC Sub-Fund after foreign portfolio investors (FPIs) exercised conversion rights on equivalent warrants issued on a preferential basis.
"The Board of Directors of the Company, today, i.e. June 30, 2026, approved the allotment of 3,00,00,000 (Three Crore) fully paid-up Equity Shares of face value Rs 1/- each to Sun India Opportunities Investing Fund Incorporated VCC Sub-Fund (a sub-fund of Sun Alpha Global VCC), upon conversion of an equivalent number of Warrants held by it," the exchange filing said.
Share Price History: The stock jumped nearly 4 per cent in the last five trading sessions, while it rose over 6 per cent in the last 30 days. However, to date this year (YTD) the shares remained flat, falling over 1 per cent on NSE.
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Disclaimer: This story is for informational Purposes only. It should not be considered as investment advice.