Zee Leisure Enterprises Restricted bought the approval of its shareholders to boost Rs 2,000 crore.
“The distant e-voting course of concluded at present i.e., Monday, July 15, 2024, at 5:00 p.m. (IST),put up which the Scrutinizer appointed for scrutiny of Postal Poll course of, Ms. Vinita Nair (Membership No. F10559), Senior Accomplice, M/s. Vinod Kothari & Co., Firm Secretaries, has submitted her report on the outcomes of the Postal Poll. Primarily based on the report of the Scrutinizer, we hereby inform you that the shareholders of the Firm have duly handed the decision for issuance of securities for an quantity not exceeding Rs 2,000 crore with requisite majority,” Zee mentioned in a regulatory submitting.
On July 11, Zee Leisure had knowledgeable the bourses that its board of administrators will meet on July 16 to debate fundraising choices. These choices embody non-public placements, Certified Institutional Placements (QIP), and preferential points. The announcement outlined plans for issuing securities in a number of tranches to boost the corporate’s strategic flexibility and help future development alternatives within the media trade.
The disclosure adopted the board’s earlier resolution on June 6 to approve elevating funds amounting to Rs 2,000 crore, essential for enhancing strategic choices and seizing development prospects.
