Zee Media share price jumps 19% amid fund raising plans

Zee Media Corporation’s stock price jumped 19 per cent to ₹16.5 during September 25, Wednesday’s trading session on the BSE. This surge followed the company’s announcement of an upcoming board meeting to discuss potential fundraising options, per an exchange filing.

The media company revealed in a regulatory filing that its board of directors will convene on September 27, 2024, to consider various fundraising methods. These could include “private placement, qualified institutional placement, preferential issue, or other combinations,” subject to necessary approvals.