India's Zee Media jumps most in more than a year after fundraise proposal

Zee Media

25/09/2024 05:08

** Shares of Zee Media Corp Ltd  ZEEN.NS  up 15.2% at 16.1
rupees, their biggest jump since August 2023
    ** Stock at its highest since Feb. 20, 2024
    ** News channel operator ZEEN to consider fundraise on Sept.
27, including via qualified institutional placement of shares
    ** Over 14 mln shares traded, 3.1x 30-day avg volume
    ** Stock turns YTD positive, now up 5.8% this year vs media
stocks'  .NIFTYMED  12.7% fall


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))