Zee Entertainment Enterprises has issued warrants to Sunbright Mauritius Investments Ltd, following the necessary board sanctions and regulatory approvals for their funding initiative. This move has attracted a subscription of Rs 659.76 crore, allowing Sunbright Mauritius to secure a substantial stake once the warrants are fully converted. Notably, these warrants are eligible for conversion within a period of eighteen months from the date of allotment.
Volatile yen draws intervention watch, other currencies subdued
In response to last week’s notable drop, currency markets have been closely monitoring the yen. Reports suggest that Japanese officials are conducting rate checks, hinting