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ZEE, by way of its wholly owned subsidiary IDPL, has entered into an aggreement with Media, PR & Promoting agency Newsreach to take a position Rs 8.76 crore.
The funding will likely be achieved by way of subscribing to fairness shares and/or convertible fairness linked devices (Optionally Convertible Redeemable Desire Shares) of Newsreach.
The funding will occur in tranches. The Tranche – 1 funding is predicted to be accomplished by or earlier than June 30, 2024.
Included in August 2018, Newsreach supplies PR and advertorial help/ inventories to firms throughout india and overseas. additionally, it helps content material creators to purchase, promote and license their content material although their platform.
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