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Bloomberg Quint

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Image Credit: Bloomberg Quint

Zee Refuses Specifics On Utilising Rs 2,237-Crore Line From Promoters, Urges Investors For Positive Vote

  • Zee refuses specifics on utilizing Rs 2,237-crore fundraise, urging investors for positive vote.
  • Promoters seek board representation with a promoter-led funding, facing opposition from some advisory firms.
  • Shareholders warned about excessive dilution in promoter stakes without clear fund usage details.
  • Zee plans to raise funds through warrants issuance, facing governance issues with director appointments.

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