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Zee Media Corporation gets nod to avail loan of up to Rs 500 crore from Arm Infra

16 Dec 2016 Evaluate

Zee Media Corporation has received in-principle approval from its board for availing secured loan of up to Rs 500 crore from Arm Infra & Utilities, one of the promoters of the company. The board has approved the loan arrangement after considering various funding options for the radio business being acquired by Zee Media Corporation.

Zee Media Corporation, formerly known as Zee News, broadcasts 10 news channels including two national ones - Zee News and Zee Business.

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