Zee Entertainment gains 7% as board to consider fund raising on July 16

Zee Entertainment in focus: Shares of Zee Entertainment Enterprises (ZEEL) were up 7 per cent to Rs 157.20 per share, amid heavy volumes, on the National Stock Exchange (NSE) in Friday’s intra-day trade.

The uptick in share price came after the company said its board will meet on July 16, to consider fund raising plan.

In exchange filing, ZEEL said, a meeting of the board of directors of the Company is scheduled to be held on Tuesday, July 16, 2024, inter alia, to consider and approve the raising of the funds through the issuance of appropriate instruments along with the terms and conditions of the appropriate instruments, subject to such regulatory/statutory approvals, as may be required.