At meeting held on 24 July 2017
The Board of Directors of Zee Entertainment Enterprises at its meeting held on 24 July 2017 has approved a proposal for restructuring of businesses of certain domestic wholly owned subsidiaries through a composite scheme of arrangement and amalgamation inter alia for- Demerger of Digital Media and Entertainment Business undertaking from Zee Digital Convergence, vesting with the Company.
- Demerger of Advertising Sales Media Business undertaking from Zee Unimedia, vesting with the Company.
- Demerger of Online Media Business undertaking from India Webportal, vesting with the Company.
- Amalgamation of Sarthak Entertainment with the Company, with effect from appointed date of 01 April 2017.
Since the Corportate Restructuring involves the Company and its wholly owned subsidiaries, the Scheme does not provide any consideration for the demerger / amalgamation proposed in the scheme.
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