Zee Media board to mull fund raising proposal on 27 Sept'24

The company will consider and approve the raising of the funds through the issuance of permissible instruments / securities, in one or more tranches, by way of private placement, qualified institutions placement, preferential issue, or any other method or combination thereof.

ZEE Media Corporation is a part of Essel group. The company is one of the largest private news networks in the country with a portfolio of through 15 news channels comprising of 1 global, 3 national and 11 regional channels in 7 different languages in the linear TV platform. In digital news market, the company's portfolio consists of 5 digital news channels, 7 news apps and 32 digital properties.

The scrip fell 0.92% to end at Rs 13.95 on Tuesday, 24 September 2024.