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Zee Entertainment Enterprises to raise $239 million through FCCB

The opening of the issuance of FCCBs is Tuesday, and the conversion price of Rs 160.20 per equity share includes an equity premium of Rs 159.20 a share

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Source: Bloomberg

Shyam Agarwal Pune

2 min read Last Updated : Jul 17 2024 | 2:21 PM IST

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Zee Entertainment Enterprises said it is raising $239 million via foreign currency convertible bonds (FCCB) from Resonance Opportunities Fund, St. John’s Wood Fund, and Ebisu Global Opportunities Fund.

In a late evening statement, the company said its Board of Directors, at its meeting held today, approved raising funds by issuing

Topics : Stock Market Essel Group Zee Entertainment Zee5 of Zee entertainment Budget and Markets

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