Zee Media Corporation Limited — Board Meeting, 13-01-2025: Outcome of Board Meeting

The Board of Directors has announced a board meeting outcome, approving a fund-raising plan not exceeding ₹400 crores through various instruments, including equity shares and convertible bonds. The board also sanctioned an increase in the shareholding limits for Foreign Portfolio Investors and Foreign Institutional Investors from 24% to 49% of the paid-up capital, pending shareholder approval. Additionally, a Postal Ballot Notice will be issued to seek shareholder consent for these proposals.