Zee Entertainment's board approves up to Rs 2,000 crore ($266 million) fundraising for growth.
Zee Entertainment's board has approved plans to raise up to Rs 2,000 crore ($266 million) via shares or eligible securities for future growth. The company aims to use the funds to enhance its strategic flexibility and pursue future growth opportunities in the evolving media landscape. The fundraising decision comes after Sony canceled its $10 billion merger with Zee in January, prompting cost-cutting measures such as workforce reductions.
June 06, 2024
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