Zee Media Corporation Ltd Board approves Rights Issue of equity shares

The Board of Directors of Zee Media Corporation Ltd at its meeting held on October 20, 2014, has approved, in-principle, raising of funds for an amount of not exceeding Rs. 200 Crores through issue of equity shares of the Company to its eligible shareholders on a rights basis in accordance with the Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable laws (the "Rights Issue").

Shares of Zee Media Corporation Limited was last trading in BSE at Rs.17.7 as compared to the previous close of Rs. 16.75. The total number of shares traded during the day was 454834 in over 1619 trades.

The stock hit an intraday high of Rs. 18.2 and intraday low of 16.95. The net turnover during the day was Rs. 8001892.

Source : Equity Bulls

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