Zee Entertainment Enterprises to raise $239 million through FCCB
The opening of the issuance of FCCBs is Tuesday, and the conversion price of Rs 160.20 per equity share includes an equity premium of Rs 159.20 a share
 "Zee Entertainment Enterprises to raise $239 million through FCCB")
Zee Entertainment Enterprises said it is raising $239 million via foreign currency convertible bonds (FCCB) from Resonance Opportunities Fund, St. John’s Wood Fund, and Ebisu Global Opportunities Fund.
In a late evening statement, the company said its Board of Directors, at its meeting held today, approved raising funds by issuing 5 per cent coupon, unsecured, unlisted foreign currency convertible bonds up to $239 million, maturing in 10 years, on a private placement basis to Resonance Opportunities Fund, St. John’s Wood Fund Limited, and Ebisu Global Opportunities Fund.
The opening of the issuance of FCCBs is Tuesday, and the conversion price of Rs 160.20 per equity share includes an equity premium of Rs 159.20 a share, it said. The floor price is Rs 152.45 per equity share, the company added.