wordpress blog stats
Connect with us

Hi, what are you looking for?

Zee Media’s board to approve rights issue proposal to raise Rs 200 crore

Zee media

The board of directors at Zee Media will be meeting later this week to consider and approve the terms of the proposed rights issue of equity shares by the company, the company informed in a filing with the stock exchange. In a rights issue, shares are issued to existing investors as per their holding at pre-determined price and ratio.

Earlier in October 2014, the company had informed that it was looking raise Rs 200 crore through the rights issue. The company added that the funds will be used towards purchase of equipment and accessories for production and broadcasting,repayment of certain loans availed by the company, funding subsidiaries for repayment of loans, and other general corporate purposes.

Zee Media Corp. Ltd (ZMCL), formerly known as Zee News Ltd, broadcasts 10 news channels including two national ones—Zee News and Zee Business. Its regional news channels are Zee 24 Taas, 24 Ghanta, Zee Sangam, Zee Madhya Pradesh Chhattisgarh, Zee Purvaiya, Zee Marudhara, Zee Punjab Haryana Himachal and Zee Kalinga.

It also owns print daily DNA and online portals India.com, BGR.in, Indiancolleges.com, and OnCars.in.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...


The Securities and Exchange Board of India (SEBI) will now allow investors to make UPI payments to purchase public issues of debt securities, it...


US-based Kora Investments has pumped $52 million into Zomato, with a larger amount follow-up amount expected in the coming months, Mint reported. The big...


Razorpay has raised US$100 million in Series D funding from existing investors and Singaporean sovereign fund GIC. The company announced the investment in a...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ