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| Exchange Disseminated Time 15/12/2016 15:58:11 | Zee Media Corporation Ltd has informed BSE that while reviewing various funding options for the Radio business being acquired by the Company, the Board of Directors of the Company at the meeting held on December 15, 2016 had granted in-principle approval for availing Secured Loan of upto Rs. 500 Crores from M/s. Arm Infra & Utilities Pvt Ltd, one of the Promoters of the Company.
Further, at the said meeting held on December 15, 2016, the Board had also approved a Notice seeking Shareholders approval for certain proposals by way of Postal Ballot / E-voting. |
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