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The board of Zee Media Corporation Ltd (ZMCL) has approved the sale of its subsidiary Ez-Mall Online to a promoter group entity Altilis Technologies for Rs 8.6 crore.
Ez-Mall Online houses the e-commerce business of the company.
The company said that the transaction does not require execution of any agreement. The sale is expected to conclude within 7 working days. The proposed transaction does not require any regulatory approval.
Zee Media offloads e-comm biz to promoter entity for Rs 8.6 cr
Ez-Mall Online houses the e-commerce business of the company.
The company said that the transaction does not require execution of any agreement. The sale is expected to conclude within 7 working days. The proposed transaction does not require any regulatory approval.
Zee Media offloads e-comm biz to promoter entity for Rs 8.6 cr
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