Zee Media Shares Jump 5% After Board Approves Fundraising Through Foreign Bonds

Zee Media Corporation share price surged by 5.1% on April 9, 2025, reaching an intraday high of ₹13.5 per share on the BSE. This rise followed the company’s decision to raise funds by issuing Foreign Currency Convertible Bonds (FCCBs) worth $46.59 million. The bonds, which carry a 5% annual interest rate, have a maturity period of 10 years. The issuance opened on April 8, 2025. 

What Are FCCBs? 

FCCBs are bonds issued in foreign currency that investors can later convert into company shares. This fundraising method allows Zee Media to attract foreign investments while giving bondholders the option to become shareholders at a fixed price in the future. The conversion terms and price are determined at the time of issuance. 

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Key Details of the FCCB Issue 

• Coupon Rate: 5% per year 

• Maturity Period: 10 years 

• Conversion Price: ₹13.5 per equity share (including a premium of ₹12.5) 

• Floor Price: ₹13.04 per equity share 

Current Market Performance 

As of 1:19 PM on April 9, Zee Media shares were up by 2.57%, trading at ₹13.17 per share. In contrast, the BSE Sensex was down 0.43%, standing at 73,905.78. Zee Media’s market capitalisation was ₹765.52 crore. The stock’s 52-week high was ₹26.29 per share, while its 52-week low stood at ₹10.36 per share. 

About Zee Media 

Zee Media is a part of Zee Entertainment Enterprises and operates in the TV broadcasting and digital content space. The company runs multiple news and infotainment channels, along with online media platforms. 

Stock Performance Over the Last Year 

Over the past year, Zee Media shares have gained 8.7%, outperforming the BSE Sensex, which has risen by only 1% during the same period. 

Conclusion 

Zee Media’s move to raise funds through FCCBs aims to draw foreign investors and strengthen its financial position. With the stock gaining momentum, investors are closely watching its future performance. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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