Zee Media share news: Zee Media share was locked in its upper circuit on the back of the news that the board has approved fund raising of up to Rs 200 crore by issue of warrants to FPIs
Plea on alleged fund diversion matter may now be heard later in September
Regulatory official calls allegations "malicious and opportunist"
Zee Entertainment in an exchange filing today said, both companies had agreed to withdraw all respective claims against each other, in the ongoing arbitration at the Singapore.
For the film exhibition business, the June quarter was also sub-par due to the impact of both the cricket and election season as well as a lack of big-budget content
The uptick in share price came after the board of directors of the company approved a fund raise of up to Rs 200 crore via all permitted instruments