Zee's regional channels to move away

According to this new move, the transfer will involve a share swap ratio, which will be arrived at after valuing the regional GECs. ZNL will be left with the news channels that have a FDI (foreign direct investment) cap of 26 per cent.

The idea is to capture the value of the rapidly growing regional GECs under Zeel. ZNL will be hard hit if the regional GECs move out unless it is compensated by other assets. Zee, however, is building a bouquet of regional news channels and has plans to launch an English news channel.