Zee Entertainment Enterprises has extended the time for the implementation of the scheme of arrangement for the de-merger of its direct consumer services business undertaking in favour of Dish TV India Ltd by a period of two months, i.e., up to May 31.
“This has been done in view of the delay in the process of allotment and listing of shares of Dish TV due to non-receipt of certain regulatory approvals,”' Zee Entertainment informed the BSE.
In a filing to BSE, Zee said that the board of directors has approved an extension of time and that the process is likely to be completed by mid-April.
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