Regional Entertainment biz de-merges from Zee

The de-merging plan has finally come into action as regional entertainment business of Zee News Limited has de-merged from the company and now are a part of Zee Entertainment Enterprises Limited.

The proposed de-merger would be funded by issuance of new shares by ZEEL to shareholders of ZNL and the share swap ratio has been proposed at 4 equity shares of Rupee 1/- each of ZEEL for 19 equity shares of Rupee 1/- each held in ZNL, as a consideration for the de-merger of the R-GEC business undertaking.