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Board of Zee Media Corporation approves NCD issue up to Rs 250 cr

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Capital Market

At meeting held on 23 December 2020

The Board of Zee Media Corporation at its meeting held on 23 December 2020 has inter-alia, in continuation to the In-Principle approval of the Board dated 30 October 2020, approved the terms of raising of fund through issuance and allotment of up to 2500 unrated, unlisted, secured, redeemable Non-Convertible Debentures (NCDs) bearing a face value of Rs. 10,00,000, each for cash at par, aggregating to up to Rs. 250 crore in one or more series, on a private placement basis in accordance with the provisions of the Companies Act, 2013 and Rules framed thereunder and applicable SEBI regulations.

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First Published: Dec 23 2020 | 6:27 PM IST

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