Shares of Zee Media Corporation have captured the attention of investors as the company prepares for a significant board meeting on April 8, 2025. This meeting will focus on exploring various funding options, including the potential issuance of equity shares, convertible bonds, and more, to bolster its financial standing. The announcement, made late Thursday during stock market hours, has sparked interest and some volatility in the market.
Funding Strategies Under Consideration
In a recent exchange filing, Zee Media indicated that its Board of Directors would deliberate on several approaches to raise capital. The potential methods include:
- Issuing equity shares
- Offering convertible bonds
- Selling debentures
- Distributing warrants
- Launching preference shares
- Other equity-linked securities
These strategies could involve private placements or preferential issues, contingent on necessary regulatory approvals.
Stock Performance Overview
After the announcement, Zee Media Corporation’s stock experienced a decline, dropping 2.5% to ₹13.10. This fluctuation reflects the overall bearish sentiment in the Indian stock market. Initially, the stock opened at ₹13.59, slightly above its previous closing price of ₹13.43, but soon fell as broader market trends weighed down investor confidence.
- Current trading status: As of 11:41 AM, the stock was trading at its daily low on the BSE.
- Annual performance: Over the past year, Zee Media’s shares have appreciated by 7%, and over the last two years, they have surged by 45%, bringing its market capitalization to approximately ₹819 crore.
Financial Snapshot of Q3 FY25
In its latest quarterly results, Zee Media reported a loss of ₹22.42 crore for the December 2024 quarter, which is an improvement compared to a loss of ₹35.91 crore in the same quarter last year.
- Revenue Details: The company’s revenue from operations fell 4.7% year-on-year to ₹15.95 crore in Q3 FY25, down from ₹16.73 crore in Q3 FY24.
- Operational Highlights: Despite the revenue dip, the company showcased resilience with an EBITDA of ₹65 lakh, a notable turnaround from a loss of ₹2.54 crore year-on-year.
As Zee Media prepares to explore various funding avenues, investors will be keenly watching the developments from the upcoming board meeting. The response from the market and any subsequent strategic decisions could significantly influence the company’s trajectory in the coming months.
