At meeting held on 20 October 2014
Zee Media Corporation announced that the Board of Directors of the Company at its meeting held on 20 October 2014, inter alia, has approved, in-principle, raising of funds for an amount of not exceeding Rs. 200 crore 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).Powered by Capital Market - Live News