GECs
Zee Media responds to SEBI’s queries on Rs 200 crore rights issue
NEW DELHI: Zee Media has replied to the queries sent by Securities and Exchange Board of India (SEBI) from the merchant banker of Zee Media Corporation regarding the company’s proposed Rs 200 crore rights issue.
Zee Media sources in Mumbai told Indiantelevision.com that it had earlier sent a response to SEBI on 21 January but the regulator thereafter sought further queries. These had been answered well in time, the sources added.
The sources declined to give more details as it said the issue was at a delicate stage.
However, the sources clarified that in a rights issue, shares are issued to existing investors as per their holding at pre-determined price and ratio.
As per the latest weekly update to the processing status of draft offer documents filed with SEBI, the regulator has said clarifications were awaited on the proposed rights issue of Zee Media as on 23 January this year.
SEBI had said that it might issue observations on Zee Media document within 30 days from the date of receipt of satisfactory reply from the lead merchant bankers to the clarification or additional information sought from them.
The regulator had received the draft offer documents on 2 January this year through its lead manager Axis Capital. The company’s proposed rights issue is estimated to be raised up to Rs 200 crore.
The funds raised from the issue would be utilised towards purchase of equipment and accessories for production and broadcasting, repayment of certain loans availed by the company, funding subsidiaries for repayment of loans, and other general corporate purposes.
Zee Media Corporation Ltd (ZMCL) broadcasts 10 news channels including two national ones – Zee News and Zee Business.
Earlier in October, the company’s board of directors had “approved, in-principle, raising of funds for an amount not exceeding Rs 200 crore through issue of equity shares of the company to its eligible shareholders.”
GECs
Samsung TV Plus launches Kings of Comedy channel
New free FAST channel brings iconic Hindi comedy shows to millions of Samsung Smart TV owners.
MUMBAI: Samsung TV Plus has just turned up the laughter volume and it’s completely free. The leading free ad-supported streaming television (FAST) service in India has launched Kings of Comedy, a premium comedy channel featuring some of the country’s most beloved primetime shows. Available exclusively on Samsung TV Plus, the channel delivers back-to-back hits including Comedy Nights with Kapil, Khatra Khatra Khatra, and Comedy Nights Bachao, with no login or subscription required.
The launch marks a milestone for free streaming in India, offering audiences a dedicated comedy destination directly from their Samsung TV home screen. It arrives as Samsung TV Plus India celebrates its 5th anniversary, during which the service has grown its monthly active users by 42 per cent and more than doubled its total viewing hours. The platform now offers over 180 free channels across 14 languages.
Samsung TV Plus India general manager and head of business development Kunal Mehta said, “Comedy is the heartbeat of Hindi entertainment, and Kings of Comedy brings together the shows Indians already love, completely free on their Samsung TV. Our focus remains the same take the content people know and make it effortless to access.”
Globally, Samsung TV Plus has surpassed 100 million monthly active users across more than 4,500 channels, solidifying its position as one of the world’s leading free streaming services.
Kings of Comedy is now available on all compatible Samsung Smart TVs. For viewers seeking non-stop laughter without any cost, this new channel delivers a royal treat proving that sometimes the best entertainment really does come with no strings (or subscriptions) attached.
