Zee Media share hits 29-month high; zooms 79% in 1 week; what’s the news ?

Zee Media Corporation (ZMCL) share was locked in its upper circuit for a fourth straight day, up 10 per cent at Rs 25.04 on the BSE in Tuesday’s intraday trade, on the back of the news that the board has approved fund raising of up to Rs 200 crore by issue of warrants to foreign portfolio investors (FPIs).