New Delhi, June 29 -- Zee Media Corporation Ltd. on Monday disclosed that Magnifica Global Opportunities VCC-MGO High Conviction Fund Incorporated VCC Sub-Fund has acquired 4.5 crore fully convertible warrants through a preferential allotment, taking its fully diluted holding in the company to 5.04%.

According to the regulatory filing, the foreign investor acquired 45,000,000 fully convertible warrants, representing 5% of Zee Media's diluted share capital. Prior to the acquisition, the fund held 3,69,645 equity shares, accounting for 0.06% of the company's voting share capital.

Following the allotment, the investor's total holding has increased to 4,53,69,645 securities, comprising 3,69,645 equity shares and 4.5 crore convertible warran...