Indian news channel network Zee Media Corp plans to raise up to Rs 200 crore through equity shares or eligible securities due to a declined operating revenue and widened loss.
Zee Media Corp, an Indian news channel network, plans to raise up to Rs 200 crore through an equity shares or eligible securities issue, following an 11.4% decline in operating revenue and a widened loss during the financial year ending March 2024. The company will explore various funding avenues like private placements and preferential issues, pending necessary approvals. Zee Media's shares see a 1.67% increase, indicating investor optimism.
June 26, 2024
4 Articles