The board of directors of Zee Media Corporation on Monday approved raising of funds through a right issue. The company plans to mop up ₹200 crore through the rights issue to eligible shareholders. The stock of Zee Media Corporation rose 5.67 per cent at ₹17 on the NSE.

The board of directors of Panasonic Appliances India Company has approved the proposal received from its promoters - Panasonic Corporation - of its intention to delist the equity shares of the company from the stock exchanges. The board will meet again on October 28 to consider seeking approval of shareholders through postal ballot for the voluntary delisting of equity shares. The board has also approved the resignation of Harshad Reddy, representative of the Indian promoter on the Board, from the directorship of the company consequent to the transfer of shares held by the Indian promoter P Obul Reddy Group, to Panasonic Corporation. Shares of Panasonic Corporation surged five per cent at ₹193.7 on the NSE.

The board of directors of KSK Energy Ventures has allotted 8.08 crore warrants to KSK Power Holdings entitling it to subscribe to an equivalent number of equity shares of ₹10 each at a price of ₹99 a warrant. The stock of KSK Energy closed at ₹67.8, a gain of 4.6 per cent on the NSE.

comment COMMENT NOW