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Zee Media makes full payment of 2,300 NCDs worth ₹230 crore
short by / on Thursday, 16 January, 2025
Zee Media Corporation Ltd has made the full payment towards the redemption of 2,300 unrated, unlisted, secured, redeemable NCDs (Non-Convertible Debentures) aggregating to ₹230 crore. The debentures had a face value of ₹10 lakh each. Earlier, Zee's Board of Directors approved the exploration of various funding options, including equity shares and debt instruments to raise up to ₹400 crore.