Top Story

e4m_logo.png

Home >> Media - TV >> Article

Zee Entertainment Board approves merger of ETC Networks

24-December-2009
Font Size   16
Share
Zee Entertainment Board approves merger of ETC Networks

The Board of Directors of Zee Entertainment Enterprises Ltd (ZEEL) in its meeting on December 23, 2009, granted an in-principle approval for merger of ETC Networks Ltd, a listed subsidiary of the company, with itself and upon such merger, demerge the education business from the company into a separate company.

The said merger/ demerger shall be under a Composite Scheme of Arrangement, under Section 391 to 394 of the Companies Act, 1956, subject to appropriate statutory and regulatory approvals and the demerged entity shall be listed at the stock exchanges where the company’s shares are listed.

The Board of Directors, at a meeting scheduled on December 29, 2009 shall inter alia consider the detailed composite Scheme of Arrangement.

Tags

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

In an interview with exchange4media, Ferzad Palia says that most successful brands are not those who spend the most money

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Sou...

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

Aroon Purie, the India Today Group Chairman and Editor-in-Chief today appointed his daughter Kallie Purie as the Vice Chairperson of the group