Zee Media to Raise Up to ₹400 Crore Via Various Options

Zee Media Corporation Ltd is one of the biggest news networks in India. The company runs several news channels in different languages, catering to audiences across the country. These channels provide a mix of news, current affairs, and special programmes, keeping millions of viewers informed.

Board Approves Fundraising

The Board of Directors at Zee Media Corporation Ltd has given the green light for raising ₹400 crore through different methods. This decision was made during their meeting on January 12, 2025. The company plans to use these funds to strengthen its business operations and support its growth.

Fundraising Details

Zee Media aims to raise this amount by issuing shares or other securities. They may use various methods such as public offers, private placements, or rights issues. However, the final decision will depend on market conditions and shareholder approval.

Increase in FPI Shareholding Limit

The board has also decided to increase the shareholding limit for Foreign Portfolio Investors (FPIs). Previously, FPIs could hold up to 24% of the company’s shares. Now, this limit has been raised to 49%, which could attract more international investments.

These changes will require approval from the company’s shareholders and relevant authorities. Zee Media believes these moves will help the company grow and attract fresh investments.

Share Price Performance 

At 3:06 PM today, Zee Media Corporation Ltd shares traded at ₹19.22 per share on the NSE.

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