Zee Media rallies over 8% after board approves fundraise of up to Rs 200 cr

Zee Media share soars: Shares of Zee Media Corporation (Zee Media) rose as much as 8.37 per cent to hit an intraday high of Rs 15.53 per share on Wednesday.

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.