Mumbai, Feb 06: Zee Telefilms Ltd (ZTL) is planning to raise resources through debt, equity or their combination from the market, including international capital market, to support its business plans.

The recent relaxation in the norms for external commercial borrowings (ECB) would facilitate plans to raise funds, for which company board would meet on February 11 to discuss the proposal, ZTL chief financial officer Hitesh Vakil said on Thursday.
Company secretary Vikas Gupta said the board would consider and approve raising of funds by way of debt whether convertible or non convertible, equity in domestic or international capital markets.
Gupta said the upgradation of country's long term foreign currency rating by agencies like Moody's should also help to get better rates (for debt).
He did not give the quantum of funds and other details, saying plans would be clear after the board grants approval. Bureau Report