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Friday, 29 June 2018

Zee Media Corporation is currently trading at Rs. 25.35, up by 0.55 points or 2.22% from its previous closing of Rs. 24.80 on the BSE.The scrip opened at Rs. 25.05 and has touched a high and low of Rs. 25.35 and Rs. 25.05 respectively. So far 2000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 50.15 on 04-Jan-2018 and a 52 week low of Rs. 24.60 on 28-Jun-2018.Last one week high and low of the scrip stood at Rs. 29.75 and Rs. 24.60 respectively. The current market cap of the company is Rs. 1167.56 crore.

The promoters holding in the company stood at 69.11%, while Institutions and Non-Institutions held 7.08% and 23.81% respectively.Zee Media Corporation has received an approval for the sale of company’s entire Equity Stake comprising of 4 Crore Equity Shares of Rs 1 each, in its wholly owned subsidiary Ez-Mall Online to Altilis Technologies, a Promoter Group entity, at an aggregate consideration of Rs 8.60 crore, being the fair value as determined by BDO India LLP, an Independent Valuer. The Board of Directors of the company at their meeting held on June 28, 2018, approved the same.

The Board has also given an approval for substitution of company’s investment of Rs 21.50 crore in the Optionally Convertible Debentures of Ez-Mall into Non-Convertible Debentures of equivalent value of Ez-Mall.

Zee Media Corporation, formerly known as Zee News, broadcasts 10 news channels including two national ones - Zee News and Zee Business.