Zee lists bonds on Singapore bourse

NEW DELHI: The Subhash Chandra-promoted Zee Telefilms Limited, India's largest vertically integrated media and entertainment company,has placed foreign currency convertible bonds worth upto $100 million (including a green shoe of $15 million) for listing on the Singapore Stock Exchange.


According to sources in Singapore capital markets, Zee Tele's bonds have already been oversubscribed 14 times.


The bonds are convertible into newly issued ordinary shares of Rupee 1.0 per share of Zee, at the option of the bondholders, at a conversion price of approximately Rs. 197.24 per share, which is at a 35 per cent premium to the company's closing share price on the Bombay Stock Exchange (BSE) of Rs. 146.10 as on 20 April 2004.

The bonds carry a coupon rate of 0.50 per cent per annum and shall be redeemable at a price of 116.24 per cent, if not converted into ordinary shares during the period.

The issue, which was launched post trading hours of the BSE on 20 April 2004, have reportedly received a strong demand. UBS AG and Citigroup Global Markets Inc were the joint book runners for the issue.

Speaking on the occasion, Rajiv Garg, CEO Corporate Strategy and Finance of Zee Telefilms said, "We are encouraged with the market's response for the transaction. This positions us well to take advantage of opportunities opening up in the media and entertainment sector."

Zee is India's largest vertically integrated media and entertainment company. It is the largest producer and aggregator of Hindi programming in the world with an extensive library housing television content, movie titles and news content,according to an official statement from the company this morning.

Zee is also India's largest cable distributor. Through its wholly owned subsidiary, Siticable. Zee's channels are widely distributed across many countries, especially for South Asian audiences. It is a significant player in the film production, music publishing and education business.

The company has clarified that this announcement is not, and is not intended to be, an offer of securities of Zee Telefilms Limited for sale in the United States. Securities of Zee Telefilms Limited may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933. There is not, and is not intended to be, a public offering of the securities of Zee Telefilms Limited in the US.

Latest Reads
Dishum TV's quest to succeed in the Bhojpuri market

MUMBAI: Week 24 of BARC's data for the Bhojpuri market was out on Thursday. Like most weeks, this time too there were no revelations. For the longest time, this space has been captured by two players - Big Ganga and Bhojpuri Cinema - and there's no evidence to suggest a potential disruption in the...

Television TV Channels Regional
Colors Tamil the new entrant in BARC's week 24 data for Tamil market

MUMBAI: Colors Tamil, the newly launched Tamil regional channel of Viacom 18, was the new entrant in the Tamil market after BARC released its rating for week 24. Star Maa, a Telugu channel of Star TV, topped the charts, with Big Ganga settling for second position. There wasn’t much change in the...

Television TV Channels Viewership
V6 News set to launch Telugu GEC

MUMBAI: VIL Media Pvt Ltd-owned V6 News, a 24-hour Telugu satellite news broadcaster, is set to launch a general entertainment channel. V6 News, launched in March 2012, managed to gain popularity among the audience in Hyderabad and Telangana market within a short span of time. Earlier, it was...

Television TV Channels News Broadcasting
&TV presents Laal Ishq - passionate love stories with a supernatural twist

We promised to be together forever. Nothing could take us apart - not even death. Even though my body has long gone, my spirit still lives on… my soul will always be with you. For true love, never dies. &TV’s latest offering Laal Ishq, a series of passionate love stories with a supernatural...

Television TV Channels GECs
Zee Anmol retains lead in GEC (U+R) in BARC's week 24 data

Zee Anmol retained its top spot in Broadcast Audience Research Council (BARC) data for week 24 in the Hindi GEC (U+R) market. While Star Utsav and Rishtey swapped their third and fourth positions in the rural market, Star Plus and Zee TV exchanged second and third positions in the urban segment.

Television TV Channels Viewership
BARC, Week 24: Rebublic TV dominates, Mirror Now enters top five

MUMBAI: Times Network’s English news channel, Mirror Now, replaced NDTV in the All India Broadcast Audience Research Council’s (BARC) week 24 rantings, as Arnab Goswami's Republic TV continued to dominate the English news market While Aaj Tak led the charts in two Hindi news markets, ABP News...

Television TV Channels Viewership
What next with Fox-Disney-Comcast ?

MUMBAI: Part poker, part chess. That's exactly how the Disney-Comcast bidding war for Rupert Murdoch's entertainment conglomerate - 21 Century Fox - is being played out. The intense, see-saw battle for the media empire, which includes Hollywood studios, cable networks and streaming businesses, isn...

Television Production House Post Production
Sky News gets 15-year commitment from Disney in takeover battle

MUMBAI: Disney has refrained from selling Sky News without the U.K government’s permission and offered British authorities a commitment to operate Sky News for 15 years. For its part, 21st Century Fox has offered new commitments in an attempt to get its $15 billion bid for Sky over the finish line...

Television TV Channels News Broadcasting
Discovery picks Park Avenue address for new global HQ

MUMBAI: Discovery Inc. has selected a Park Avenue address for its new global headquarters. The company is also expanding facilities and adding jobs in Virginia. The company has signed a long-term lease with TF Cornerstone to occupy the entire space of 230 Park Ave South. According to,...

Television TV Channels Viewership

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories