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Zee News Ltd Board Approves Combination Of News Broadcasting Business With Diligent Media Corporation Limited's News Publication Business


Friday, 24 May 2013 03:50am EDT 

Zee News Ltd announced that the Board of Directors of the Company at its meeting held on May 23, 2013, inter alia, has transacted the following: Considering the growth plans of the Company and the business synergies in print and electronic news media, the Board has approved in-principle combination of News Publication Business of Diligent Media Corporation Limited -a Promoter Group entity engaged in printing and publication of English Daily DNA and the News Broadcasting Business of the Company. A Committee constituted by the Board shall engage / appoint independent professionals to advice on the appropriate structure / manner of combination and its valuation, cost-benefit analysis, procedural and others aspects for consideration by the Audit Committee and the Board in due course. 

Company Quote

18.35
-0.8 -4.18%
25 Jul 2014