Dinesh jain
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Zee Entertainment Enterprises Limited (ZEEL) has
received approval from Mumbai High Court to
demerge Media Business Undertaking (MBU) of
Diligent Media Corporation Limited (DMCL) and
vest with Zee Entertainment.
The undertaking comprises media and
entertainment business, event management
activities, TV channel license and TV reality show
formats for game based shows.
Equity shareholders of DMCL would be given
preference shares in the ratio of one preference
share of INR 1 of Zee for every four equity shares
of INR 10 each held in DMCL, said ZEEL.
ZEEL gets HC approval to demerge DMCL media business - NexTV India
received approval from Mumbai High Court to
demerge Media Business Undertaking (MBU) of
Diligent Media Corporation Limited (DMCL) and
vest with Zee Entertainment.
The undertaking comprises media and
entertainment business, event management
activities, TV channel license and TV reality show
formats for game based shows.
Equity shareholders of DMCL would be given
preference shares in the ratio of one preference
share of INR 1 of Zee for every four equity shares
of INR 10 each held in DMCL, said ZEEL.
ZEEL gets HC approval to demerge DMCL media business - NexTV India
