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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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