Zee Media Board of Directors considers issuance of equity-linked securities to promoters

Zee Media Corporation Ltd said on Tuesday that its board of directors would consider issuing equity-linked securities to its promoters following a proposal by an entity of the promoters group to invest more in the company. The company, at its board meeting scheduled for Friday, November 12 to approve the second quarter results, “will also consider the proposal to issue shares or warrants convertible into shares of the company, ”Zee Media said. in a regulatory file.

It would be in one or more tranches, to an entity of the Promoting Group on a preferential basis, as the Board may deem appropriate, he added. Moreover, this will also be subject to the required approvals, including the approval of the members of the Company, added Zee Media Corporation. Good Word News