HT Media’s Board of Directors has approved a preferential issue of 3,87,87,137 warrants worth up to Rs 95.3 crore, subject to shareholder and regulatory approvals. Each warrant will be issued at Rs 24.57 and will be convertible into one fully paid-up equity share of face value Rs 2.
The preferential issue will be made to six investors. Promoter entity The Hindustan Times will receive 1,34,31,013 warrants, while the remaining allotments include Tremis Consultancy (1,24,13,512), Kiran Vyapar Limited (71,22,507), Zafar Ahmadullah (40,70,004), Zapfin Teknologies (4,07,000) and Peanence Commercial (13,43,101).
According to the company, the issue will aggregate up to Rs 95,29,99,956.09 and will be undertaken through a preferential allotment on a private placement basis in accordance with applicable provisions of the Companies Act, 2013 and SEBI regulations.
Following the allotment and assuming full conversion of the warrants, promoter The Hindustan Times will increase its shareholding from 16.18 crore shares (69.50%) to 17.52 crore shares (64.52%). The remaining allottees will collectively hold the balance stake arising from the preferential issue.
The Board has also approved convening an Extraordinary General Meeting (EGM) on August 7, 2026, to seek shareholders’ approval for the preferential issue.
The promoter warrants will have a tenure of up to 18 months, while the warrants allotted to the non-promoter investors will have a tenure of up to 12 months from the date of allotment.
