Promotor Increases Stake in This Media Company to 9.41% Following Open Market Purchase

AUV Innovations LLP, part of the promoter group of Zee Media Corporation Limited (ZMCL), has increased its shareholding in the company to 9.41 per cent following a fresh open market acquisition.

According to a regulatory disclosure filed under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, AUV Innovations LLP purchased 1,51,15,614 equity shares on 24 December 2025. The acquisition represents 2.42 per cent of Zee Media’s total equity share capital and voting rights and was carried out through the open market.

Before this transaction, the promoter entity held 4,37,18,761 shares, equivalent to 6.99 per cent of the company’s voting capital. Post-acquisition, its total holding has increased to 5,88,34,375 shares, translating into a 9.41 per cent stake in Zee Media.

On a fully diluted basis—factoring in the potential conversion of 26,83,33,333 warrants held by the acquirer—the post-acquisition holding stands at 6.58 per cent.

The filing also disclosed earlier incremental purchases by AUV Innovations LLP that were below the standalone disclosure threshold of 2 per cent under Regulation 29(2). These included the acquisition of 50,00,000 shares on 5 September 2025 and 47,34,386 shares on 22 December 2025, together accounting for 1.56 per cent of Zee Media’s total share capital. These transactions were formally reported only after the December 24 purchase triggered the reporting requirement.

Zee Media’s paid-up equity share capital remains at Rs 62,54,28,680, comprising equity shares of Re 1 each. The company’s total diluted share capital is estimated at Rs 89,37,62,013, assuming full conversion of outstanding warrants.

Disclaimer: The article is for informational purposes only and not investment advice.