Big boost for Zee Media Corporation! Mauritius-based FII raises stake to 5.04%

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.