Zee Media Corporation Ltd

ZEE Media Corporation Limited (ZMCL) incorporated on August 27, 1999 is a part of Essel group. It is one of the largest news networks in the country with a portfolio of fourteen news channels in eight different languages in the linear TV platform while it reaches out to more than 220 million users through the digital platform. It has a strong national presence and has strengthened its position as a regional player in North, West, East and Central India. 

Full and final settlement of the NCD issued by DMCL with the subsequent issue of NCD of Rs.230crore and CCPS of Rs.90crore by ZMCL

DMCL has issued NCD for which ZMCL has extended corporate guarantee, which was subsequently revoked by the debenture trustee via letter dated October 17, 2020. ZMCL has redeemed the aforementioned NCD by paying Rs.290crore (Rs.457.11crore outstanding as on January 31, 2021 including accumulated interest) on February 03, 2021, in full and final settlement. ZMCL has further allotted NCD of Rs.230crore and CCPS of Rs.90crore on February 03, 2021 to repay the aforementioned NCD. Debenture trustee has issued ‘No dues certificate’ for the NCD issued by DMCL for which ZMCL has extended corporate guarantee. The CCPS allotted will be converted into equity within eighteen months of the allotment. Further, the NCD issued will be redeemed at a premium such that debenture holders get an IRR of 12.26% at the of last payment on July 31, 2025. Coupon and principle will be repaid in semi-annual payments.

Established track record of the promoter group in the media and entertainment industry
 Essel Group has been in the media and entertainment business for more than two decades, as the flagship channel (Zee TV) was launched in 1992. ZEE brand has a strong recognition in the media and entertainment industry given its long and successful track record. Further, Essel Group has a presence across allied media value chains including television broadcasting, cable distribution, direct-to-home satellite service and digital media amongst others. 

Wide platform for distribution with a bouquet of national and international channels 
Over the past 19 years, ZMCL has built a strong portfolio of 14 news channels in eight different languages and reaching more than 60 million users through digital channels. In addition, ZMCL manages its multi-lingual digital news platform i.e. Zeenews.com. 

http://zeemedia.in/channeloverview.html 

Buy rec @ Rs.10 & add  on decline   | Target 1 : 13.9  |   Target 2 : 17     |  Target 3 : 25 



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