Zee Media has disclosed that Magnifica Global Opportunities VCC acquired 4.5 crore convertible warrants, raising its holding to 5.04%. The warrants, issued at ₹8.50 each, are convertible within 18 months. Prior to this, the fund held 0.06% of voting shares.
Zee Media Corporation saw Mauritius-based FII Magnifica Global Opportunities VCC significantly increase its stake. The fund acquired 4.5 crore convertible warrants at ₹8.50 each, convertible within 18 months. This transaction boosted its holding from 0.06% to 5.04% of voting…
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