MAM
Raymond extends support to F1 hope Kartikeyan
MUMBAI: He may not have set the Formula One track on fire so far but corporate India is still interested in Narain Kartikeyan.
Textile and Apparel company Raymond has announced that it would fuel the aspirations of Karthikeyan. Raymond is all set to come on board as an additional sponsor to promote the Jordan Grand Prix driver for all the remaining races of this year’s F1 season in the Brazilian, Japanese and Chinese Grand Prix.
Furthermore, Raymond is all set to spread the F1 fever and increase the popularity of the sport amongst Indians with a unique event that will bring Narain Karthikeyan and his F1 car for the first time in Mumbai.
Raymond chairmasn and MD Gautam Singhania said, “We are extremely proud of Narain’s achievements. Thanks to his aspirations, India has been placed on the world’s F1 map. It is a matter of national pride to lend a helping hand to a fellow Indian. In order to fuel the awareness of this sport, we are pleased to extend our support and encouragement in making his F1 dreams come true. Formula 1 racing is now a rage in India and it is a proud moment for all of us to see an Indian make his mark. We wish him every success and pledge our support in realising his dreams.”
Kartikeyan said, “I am honoured to have the support of Raymond. My relationship with Gautam goes back many years. As a fellow motor sport enthusiast and challenger, I believe they truly understand the essence of the sport. Gautam has not only driven some of the world’s fastest road cars but has also experienced the ultimate in racing by driving the Formula One car. We both have a lot of things in common, like our love for speed and racing. I am indebted to Gautam and the Raymond Group for extending their support as I complete my maiden F1 season.”
Brands
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.
