Television
Report on Shemaroo

Zee Media gets board approval to raise Rs 200 crore via rights issue

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2014/10/20/z_0.jpg?itok=e7Bo2g9L

MUMBAI: Zee Media Corporation Limited (ZMCL) today announced the result of its board meeting, informing that the board of directors has approved raising Rs 200 crore via rights issue.



The company last week announced its plan to consider raising of funds and was looking at various routes, including the rights issue for the same.



In a statement to BSE, the company said, “Zee Media Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 20, 2014, inter alia, has approved, in-principle, raising of funds for an amount of not exceeding Rs 200 Crores through issue of equity shares of the Company to its eligible shareholders on a rights basis in accordance with the Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable laws (the “Rights Issue”).”



An issue of rights to a company's existing shareholders entitles them to buy additional shares directly from the company, in proportion to their existing holdings within a fixed time period. In a rights offering, the subscription price at which each share may be purchased in generally at a discount to the current market price. Rights are often transferable, allowing the holder to sell them on the open market.



The company today also announced its Q2-2015 results. The media corporation posted a Rs 12.8 crore loss in the current quarter as compared to Rs 14.57 crore loss in Q1-2015 and a profit of Rs 4.27 crore in the corresponding quarter last year (Q2-2014).



ZMCL, formerly known as Zee News Ltd, broadcasts 10 news channels including two national ones - Zee News and Zee Business.



Its regional news channels are Zee 24 Taas, 24 Ghanta, Zee Sangam, Zee Madhya Pradesh Chhattisgarh, Zee Purvaiya, Zee Marudhara, Zee Punjab Haryana Himachal and Zee Kalinga.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/21/photogrid_plus_1618992875336.jpg?itok=kXJ1jF7X
TV18 beats pandemic blues, consolidated profit leaps 77% in Q4

NEW DELHI: In the fourth quarter of the financial year that ended on 31 March 2021, TV18, a listed subsidiary of Network 18, has reported a 77 per cent increase in consolidated profit at Rs 251 crores. In a regulatory filing, TV18 revealed that the profit in the corresponding period was Rs 142...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/21/copa.jpg?itok=rh12CWS2
Amid uncertainty, Sony Network bags India broadcast rights of Copa America 2021

NEW DELHI: Sony Network has bagged the Indian broadcasting rights of Copa America 2021, a football gala that will feature biggies of the beautiful game like Lionel Messi and Neymar. The tournament will be held from 14 June to 11 July, and Sony Network will telecast the matches live for people in...

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/21/os.jpg?itok=LowCLlE7
Star Movies and Star World all set to broadcast 93rd Oscars on 26 April

Home to the prestigious Oscars for over two decades, Star Movies is all set to bring alive the magic of the 93rd Oscars ceremony live and exclusively for its viewers on 26 April, starting 5:30 am.

Television TV Channels Movie Channels
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/20/photogrid_plus_1618912646141.jpg?itok=spz0Nbcl
Disney executives Anastasia Ali and Jan Coleman promoted

MUMBAI: In yet another rejig in the Walt Disney Company’s management, Anastasia Ali has been promoted to Disney Studios content marketing vice president, Deadline reported. Another executive, Jan Coleman, has been elevated to vice president of global marketing partnerships, promotions &...

Television Production House Post Production
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/20/img_20042021_142441_800_x_800_pixel.jpg?itok=q7MNcAvx
Clampdown on media freedom during pandemic: Reporters Without Borders

NEW DELHI: International non-profit Reporters Without Borders (RSF) has claimed in its annual World Press Freedom Index report that media freedom has deteriorated during the Covid2019 pandemic.  The NGO, which works to safeguard the right to information, made this conclusion after analysing and...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/20/img_20042021_131706_800_x_800_pixel.jpg?itok=WM9_lh4i
Enter a den of crime with BBC World Service's ‘The Lazarus Heist’ podcast

NEW DELHI: BBC World Service is making its presence felt in the podcast domain with an original true crime series, The Lazarus Heist. It tells the true story of an attempted $1 billion hack, which investigators say was carried out by a secretive ring of elite North Korean hackers. While it could be...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/20/photogrid_plus_1618903126240.jpg?itok=ukOp0kv2
Saregama strikes long-term music deal with Sanjay Leela Bhansali

KOLKATA: It’s the confluence of two iconic entities in the Indian film and music industry. Saregama and Sanjay Leela Bhansali have now decided to collaborate, where Saregama has come on board as the music label for three forthcoming projects of the award-winning filmmaker. These projects will be...

Television TV Channels Music and Youth
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/20/nk.jpg?itok=VpRMWxN6
Dangal TV forays into kids genre with fantasy show ‘Nikki Aur Jadui Bubble’

School’s out and summer vacations are around the corner. Due to the second Covid wave tearing through the country, children have no choice but to stay cooped indoors. Like last year during lockdown, kids TV viewing is expected to rise again.

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/19/img_19042021_185601_800_x_800_pixel.jpg?itok=bndzTqoh
The Q India unveils summer 2021 line-up

MUMBAI: With summer vacations around the corner, The Q is all set to bring forth an array of animated original content with stories of the bravest heroes, most iconic villains, noblest kings and their treacherous enemies, the biggest battles and the most captivating conspiracies.

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories

* indicates required