Corporate Announcement
Security Code : 532794    Company : ZEEMEDIA    
 
Updates on Outcome of Board Meeting 
  Exchange Disseminated Time     
Zee News Ltd has informed BSE 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.
 

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