Zee Media Corp plans to raise funds

Zee Media Corporation Ltd today said it has plans to raise funds and is weighing various routes, including the rights issue.
The board of the company would consider a proposal on that at its meeting on October 20, 2014, ZMCL informed the BSE.
"The Board of Directors shall consider a proposal for raising funds by the Company through various modes including by way of Rights Issue," it said.
The company results for the second quarter ending on September 30, 2014-15, would also be placed before the board for approval, it said.
ZMCL, formerly known as Zee News Ltd, broadcasts 10 news channels including two national ones - Zee News and Zee Business.

Its regional news channels are Zee 24 Taas, 24 Ghanta, Zee Sangam, Zee Madhya Pradesh Chhattisgarh, Zee Purvaiya, Zee Marudhara, Zee Punjab Haryana Himachal and Zee Kalinga.