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Zinema Media to issue new shares and acquire Beontyme Tech Stake
Board approves 1.93 crore share issuance and 60 per cent acquisition via share swap
MUMBAI: Zinema Media & Entertainment Limited has announced a series of significant corporate decisions following its board meeting held on 2nd March 2026. The company is proceeding with a substantial capital raise along with a strategic acquisition aimed at strengthening its footprint in the media services sector.
The Board has approved the issuance of 1,93,00,000 equity shares at a price of Rs 10 per share on a preferential basis. The shares will be issued against cash consideration and allotted to a group of 15 investors. Among the key allottees are Nova Film Studios LLP and Lords & Partners Property Management Service Private Limited, each receiving 50,00,000 shares. Additionally, M Kiran Kumar and Dean Estates Private Limited will be allotted 15,00,000 shares each. The proposed issuance marks a significant step in bolstering the company’s capital base.
In a parallel move, Zinema has also approved the acquisition of a 60 per cent equity stake in Beontyme Technologies Private Limited. The transaction will be executed through a share swap arrangement rather than a cash deal. Under this structure, Zinema will issue 6,000 of its own equity shares to the existing shareholders of Beontyme Technologies in exchange for the majority stake.
Beontyme Technologies, incorporated in December 2021, operates within the media services segment. While the company has reported nil turnover over the past three financial years, Zinema indicated that the acquisition is strategically aligned with its long-term growth plans and expansion objectives.
Both the preferential allotment and the acquisition are subject to shareholder approval. The company has scheduled an Extraordinary General Meeting (EGM) on Saturday, 28th March 2026, which will be conducted via video conferencing to seek formal consent for these proposals.
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Axis Bank named Official Banking Partner of DP World PGTI
Partnership supports all tournaments this season to grow professional golf in India.
MUMBAI: Axis Bank just teed up a hole-in-one partnership because when a bank sponsors golf’s biggest swing in India, even the fairways feel more financially secure. Axis Bank has been appointed Official Banking Partner of the DP World Professional Golf Tour of India (DP World PGTI), strengthening its commitment to sporting excellence and community engagement while backing the growth of professional golf across the country.
Under the partnership, Axis Bank will support all DP World PGTI tournaments this season, contributing to talent development, enhanced tournament experiences and wider fan engagement. The collaboration aligns the bank’s values of precision, discipline and trust with the Tour’s focus on performance and opportunity.
Axis Bank executive director Munish Sharda said, “We are pleased to partner with DP World PGTI as its Official Banking Partner. Golf embodies precision, discipline, and a pursuit of excellence qualities that strongly reflect who we are at Axis Bank. This association also strengthens our engagement with India’s growing premium customer segments, where the sport has a deep and enduring connect.”
Professional Golf Tour of India president Kapil Dev said, “We are extremely pleased to welcome Axis Bank as a Tour Partner of the DP World Professional Golf Tour of India. Partnerships of this stature play a vital role in strengthening the foundation of the Tour, enhancing opportunities for our players, and expanding the sport’s reach across the country.”
Professional Golf Tour of India CEO Amandeep Johl added, “Axis Bank’s strong legacy of excellence, innovation, and nationwide reach aligns perfectly with DP World PGTI’s goal to elevate professional golf in India and provide greater opportunities for our players.”
In a sport where every stroke counts and every partnership drives distance, Axis Bank isn’t just backing golfers, it’s investing in the fairway to future, turning India’s greens into a stage where precision meets passion and every drive has the power to inspire.
