Zee Media share price jumps after Mauritius-based FIIs stake buying

Zee Media Corporation share price was locked in at 5% upper circuit on Tuesday after the Foreign Portfolio Investors (FPIs), including Mauritius-based UNICO Global Opportunities Fund, bought stake int the comapny. Zee Media shares were up 5% at ₹20.22 apiece on the BSE.

Zee Media Corporation has allotted 13.33 crore fully convertible warrants to three FPIs – UNICO Global Opportunities Fund Limited, Ebisu Global Opportunities Fund Limited and AL Maha Investment Fund PCC – Onyx Strategy.