HT Media is planning to raise up to Rs 95.3 crore through a preferential issue of warrants, with nearly 94% of that – Rs 90 crore – set aside specifically to pay down debt as the media company works to ease its debt-servicing costs and shore up its balance sheet.
The proposal is up for shareholder vote at an extraordinary general meeting scheduled for August 7, 2026. Under the special resolution, the company will issue up to 3.88 crore warrants priced at Rs 24.57 each, adding up to Rs 95.29 crore, with each warrant convertible into one fully paid equity share.
The board cleared the fundraise on July 11, with the stated goals being lower debt-servicing costs, improved profitability, better future fundraising capacity, and a more optimised capital structure. Of the total raise, Rs 90 crore goes toward debt repayment and the remaining Rs 5.3 crore toward general corporate purposes, with the company aiming to deploy the funds within six months of receipt.
On the allotment side, promoter entity The Hindustan Times Limited will receive warrants worth Rs 33 crore, with the rest going to non-promoter investors including Tremis Consultancy LLP, Kiran Vyapar Limited, Zafar Ahmadullah, Zapfin Teknologies Private Limited and Peanence Commercial Private Limited. The Rs 24.57 issue price follows SEBI’s ICDR pricing norms.
If all warrants convert, HT Media’s equity share capital rises from 23.28 crore to 27.16 crore shares, with promoter holding easing to 64.52% from 69.5%. The company confirmed there will be no change in control.
