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Zee News Ltd. - Updates on Outcome of Board Meeting

By Religare

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.

Read more about: zee news
Story first published: Friday, May 24, 2013, 23:45 [IST]
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