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Zee Media to raise Rs 195.55 cr via rights issue

Press Trust of India  |  New Delhi 

Media today said its right issue to raise Rs 195.55 crore from the open market would open on March 25.

The company board has approved "Letter of Offer for the proposed Rights issue of up to 1,08,643,732 Equity Shares of Re 1 each of the Company at the issue price of Rs 18 per Share (including premium of Rs 17 per Share) aggregating to Rs 195.55 crore," the company informed

The rights issue would close of April 08, it further informed.

Media Corporation, formerly known as Ltd, is broadcasting 10 channels including Zee News, Zee Business, Zee 24 Taas, Zee Sangam, Zee Marudhara and Zee Kalinga.

Company shares closed at Rs 17.05 per share, down 1.73 per cent, on the

First Published: Mon, March 16 2015. 19:22 IST