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Zee Media shares surge 10% as board approves Rs 200 crore fundraising via issue of warrants
The warrants will be fully convertible for one fully paid-up equity share of the company, a filing to the exchanges stated. As per the filing, 25% of the issue price is payable upon subscription and allotment of the warrants, while the remaining 75% must be paid upon exercising the options against each warrant within 18 months, in one or more tranches, from the date of allotment.