Zee group Co bonds traded at about 25% discount

Mumbai: Bonds of a Zee Media Corp arm were traded at a deep discount, with the finances of the Subhash Chandra-controlled empire said to be getting weaker.

Bonds of Diligent Media Corporation, a Zee Media Corp arm, were traded at a discount of about 25% with the transaction size at about 500 crore. The unlisted bonds were transacted in three tranches on the exchange platform on Monday. The weighted average price was at 75.57 per unit, people familiar with the matter said, citing secondary market quotations.