On Tuesday, Zee Entertainment Enterprises Limited (ZEEL) announced that its Securities Issue and Allotment Committee has approved the allotment of foreign currency convertible bonds (FCCBs) worth $239 million. This move aims to raise significant capital through private placement.
In a regulatory filing, ZEEL revealed that the FCCBs, totaling approximately ₹2,000 crore, will mature in 10 years.
