Key Highlights
- Zaggle shares are rising in the wake of several regulatory announcements.
- In an exchange filing after market hours on Monday, December 15, the company said it had entered into a warrant subscription agreement with Bennett Coleman and Company Limited (BCCL) of ₹40 crore.
- "BCCL has entered into a warrant subscription agreement with the company on December 15, 2025, for subscribing to 7,05,467 warrants, each carrying a right to subscribe to one share of face value of ₹1, at a price of ₹567 per warrant, aggregate up to ₹39,99,99,789," said the company.
- In a separate exchange filing during market hours on Tuesday, December 16, the company announces its board of directors had allotted 10,58,201 warrants at an issue price of ₹567 per warrant, to two entities.
- The company allotted 3,52,734 warrants for ₹5 crore to promoter group RAN Ventures Private Limited, and 7,05,467 warrants for ₹10 crore to Bennett Coleman and Company Limited (a non-promoter entity) after receiving an amount being 25% of the issue price.
