ZEE Entertainment targets for strategic fundraising via multiple channels
Media platform Zee entertainment enterprises Ltd (ZEEL) said it is intending to raise funds from the market through different courses.
The organization expects to raise funding through different reasonable modes, including private situation, qualified institutions position (QIP), special issue, or a blend of strategies.
In a regulatory filing, ZEEL stated that its board will meet on June 6 to consider the proposal for this, despite the fact that the company has not specified the amount it intends to raise.
In an official statement the company said, “A Meeting of the Board of Directors of the Company is scheduled to be held on… June 6, inter-alia, to consider raising of funds by way of issuance of equity shares and/or any other eligible securities (convertible/non-convertible) through permissible modes”.
Zee entertainment enterprises detailed a combined net profit of 
13.35 crore in the March quarter. During the same time frame of the previous fiscal year, the company had reported a consolidated net loss of 196.03 crore rupees. Merged complete pay in the quarter remained at 2,185.29 crore against 2,126.35 crore in the comparing period a year prior, it added.
13.35 crore in the March quarter. During the same time frame of the previous fiscal year, the company had reported a consolidated net loss of 196.03 crore rupees. Merged complete pay in the quarter remained at 2,185.29 crore against 2,126.35 crore in the comparing period a year prior, it added.
Domestic advertising revenue increased 10.6 percent year-over-year in the fourth quarter of FY24 as a result of a continued recovery in the macro advertising environment and an increase in FMCG client spending, while subscription revenue increased as a result of an increase in linear subscriptions.
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