Zee’s Securities Issue & Allotment Committee approves FCCBs worth $239 mn

Zee Entertainment on Tuesday said the Securities Issue and Allotment Committee of the company has approved the allotment of foreign currency convertible bonds (FCCBs) worth $239 million to investors.

In a regulatory filing, Zee Entertainment Enterprises Limited said it has considered and approved the allotment of FCCBs of up to $239 million (around Rs 2,000 crore) maturing in 10 years on a private placement basis to Resonance Opportunities Fund, St John’s Wood Fund Ltd and Ebisu Global Opportunities Fund.