SAT had earlier allowed Zee to raise funds through warrants and gave the broadcaster a week to complete the subscription. That deadline fell on Aug 21. Zee allotted about 21 crore warrants at Rs 126 apiece to Sunbright Mauritius Investments, a promoter group entity, on that date. Sunbright had paid 25% of the amount — about Rs 660 crore — at allotment.
SAT had earlier allowed Zee to raise funds through warrants and gave the broadcaster a week to complete the subscription. That deadline fell on Aug 21. Zee allotted about 21 crore warrants at Rs 126 apiece to Sunbright Mauritius Investments, a promoter group entity, on that date. Sunbright had paid 25% of the amount — about Rs 660 crore — at allotment.
<iframe src="https://hindustansphere.com/embed/cluster/bcf67fc80b511484dea0a9e0e1dfdb0a777d27dc" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Zee moves SAT, seeks one-day extension for warrant subscription"></iframe>
