Zee Media Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/04/2025 ,inter alia, to consider and approve Fund Raising
ZEEMEDIA · price
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Zee Media Corporation Ltd has informed the stock exchanges that its Board of Directors will meet on Tuesday, April 8, 2025, to consider and approve a proposal for fund raising. The company may issue equity shares, convertible bonds, debentures, warrants, preference shares, or any other equity-linked securities. Permissible modes mentioned include private placement, preferential issue, or any other method or combination, subject to regulatory approvals. The trading window for dealing in the company's securities has already been closed from April 1, 2025, and will remain closed till 48 hours after the declaration of annual audited financial results for FY2024-25.
This is a preliminary intimation with no details on the size, pricing, or mode of fund raising yet. If equity or equity-linked securities are ultimately issued, it could lead to dilution for existing shareholders. Investors should watch for the post-board-meeting outcome on April 8 for clarity on the instrument, amount, and pricing.