New Delhi, July 1 -- Zee Media Corporation was in focus after the company raised Rs.19.12 crore as a Singapore-based foreign investor converted warrants to equity shares.

The media firm has allotted 3 crore fully paid-up equity shares to Sun India Opportunities Investing Fund Incorporated VCC Sub-Fund after the foreign portfolio investor (FPI) exercised conversion rights on an equivalent number of warrants issued on a preferential basis. The investor remitted Rs.19.12 crore, representing the balance 75% of the warrant issue price of Rs.8.50 per warrant, to complete the conversion.

"The Company has allotted 3,00,00,000 (Three Crore) Equity Shares on June 30, 2026 to Sun India Opportunities Investing Fund Incorporated VCC Sub-Fund (a sub-...