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Bloomberg Quint

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Image Credit: Bloomberg Quint

Zee Board Clarifies Investor Queries On Fundraise Plans

  • Zee Entertainment Ltd. addresses investor concerns on fundraise plans, clarifying strategic decisions and funding choices.
  • Promoters commit to injecting funds promptly to dispel worries about access to insider information.
  • Management rationalizes the need for additional capital despite a healthy cash balance and explains the preference for warrants over other funding sources.
  • Zee assures transparency in fund usage, with a SEBI-registered monitoring agency overseeing the funds' deployment for shareholder safety.

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