Zee Media Redeems Non-Convertible Debentures Worth ₹230 Crore

Zee Media Corporation has announced the redemption of Non-Convertible Debentures (NCDs) worth ₹230 crore. The full payment towards the redemption of these unrated, unlisted, secured, and redeemable debentures, which had a face value of ₹10 lakh each, was completed on January 15, 2025.

Fundraising Plans by Zee Media

Zee Media’s board approved plans to raise up to ₹400 crore through various means, including equity shares, convertible bonds, debentures, preference shares, or foreign currency convertible bonds (FCCBs). The company is exploring all available methods, including private placement, qualified institutional placement, and other combinations.

Increase in FPI Shareholding Limit

The board also approved a proposal to increase the shareholding limit for Foreign Portfolio Investors (FPIs) and Foreign Institutional Investors (FIIs) from 24% to 49% of the company’s paid-up share capital, pending shareholder approval.

About Zee Media Corporation Ltd

Zee Media Corporation Ltd (ZMCL), founded in 1999, operates in the news publishing and broadcasting sector. It is part of the Essel Group and reaches 220 million viewers through a network of 15 news channels, including 1 global channel, 3 national channels, and 11 regional channels on the linear TV platform. 

Zee Media Corporation share price is trading at ₹18.97, up by ₹0.71 (3.89%) today as of 10:25 AM IST. The stock opened at ₹18.64, reached a high of ₹18.97, and a low of ₹18.45. The market capitalisation stands at ₹1,190 crore, with a 52-week high of ₹26.35 and a 52-week low of ₹10.00.

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