Zee Entertainment board to mull fundraising proposal

The Zee Entertainment board is scheduled to meet on Thursday, 6 June 2024, to consider raising funds through various methods. The company aims to raise funds through various permissible modes, including private placement, qualified institutions placement (QIP), preferential issue, or a combination of methods.

The fundraising proposal comes after Sony scrapped its $10 billion merger earlier in January this year, ending a deal that would have created an Indian TV juggernaut. ZEE since then announced a slew of measures to cut costs and reduce losses in its business, including cutting 15% of its workforce.
BCS Bureau