Zee Entertainment Enterprises Ltd. (ZEEL) has taken a big leap in strengthening its financials and strategic maneuvers by approving an up-to-₹2,000-crore fundraising plan.
The company has approved this through a board resolution, and its stock has already started reflecting the same, gaining 5% following the announcement.
The company has approved this through a board resolution, and its stock has already started reflecting the same, gaining 5% following the announcement.
The approved fundraising aims to raise capital by issuing fully paid-up equity shares, convertible bonds, non-convertible debt instruments, or other combinations of securities.
The approved fundraising aims to raise capital by issuing fully paid-up equity shares, convertible bonds, non-convertible debt instruments, or other combinations of securities.
This shall be a strategic financial initiative on the part of the company to make its balance sheet stronger and provide liquidity toward working needs and further expansion.