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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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