Small cap Stock £20: Shares of Zee Media Corporation LTD will be in Focus during the next market session on Wednesday 9 April, after the leading mass media and news broadcasting company has previously announced today that it is collecting funds through foreign currency convertible bonds (FCCBS) based on a private placement.
Zee Media Corporation has announced that the opening of the issue of FCCBS was established today, ie April 8, 2025, and the conversion price has been set at RS. 13.50 per share of share (including share premium of £12.50, based on the price formula.
Zee Media said in a regulatory application at the fairs on Tuesday: “… We want to inquire that the company’s board of directors was held during its meeting today, ie April 8, 2025, have considered and approved Inter-Alia:
1. Collecting funds by the issue of five percent coupon, uncovered, non-confirmed, foreign currency convertible bonds up to $ 465.90,000, with a due day of 10 years based on private placement for Unico Global Opportunities Fund and Sun India Investment Fund;
2. The opening of the issue of FCCBS today, ie April 8, 2025; And
3. Determine the conversion price at RS. 13.50 per share of share (including share premium of £12.50) Based on the price formula as prescribed under the issue of convertible bonds and ordinary stock regulation 1993.
We would also like to inform you that the ‘relevant date’ with a view to the issue of the FCCBS, in terms of ‘issuing convertible bonds and ordinary shares of foreign currency and ordinary shares (due to the cancellation recolution -mechanism) schedule 1993’, is the ‘floor price’ with regard to the deficiencies of the native to the preceded by the defined by the deficienced by the defined by the defined by the defined by the deficiency of the precedent of the precedent of the precedent of the precedent of the precedent of the precedent of the preceded by the defined FCCBs. 13.04 per share share, based on the price formula as prescribed under Clause 5 (4) (CA) of the FCCB schedule. “
