ITV

Tag: Maurya TV Private Limited

  • Shareholders to receive 1 DMCL share for 4 ZMCL equity shares

    Shareholders to receive 1 DMCL share for 4 ZMCL equity shares

    BENGALURU: Zee Media Corporation Limited (ZMCL) has informed the bourses that Friday, 6 October 2017 would be the record date for the purpose of determining its shareholders who would be entitled to issuance of equity shares by Diligent Media Corporation Limited (DMCL) in the ratio of 1 (one) equity share of Re. 1 each of DMCL for every 4 (four) equity shares of Re. 1 each of ZMCL held as on the record date.

    Earlier, the Mumbai bench of the National Company Law Tribunal vide an order passed on 8 June 2017, had approved the scheme of arrangement and amalgamation among ZMCL, DMCL, Mediavest India Private Limited (Mediavest), Pri-Media Services Private Limited (Pri-Media) and Maurya TV Private Limited (Maurya) and their respective shareholders and creditors.

    The scheme inter alia provides for demerger of print media undertaking of ZMCL vesting with DMCL with effect from appointed date of 1 April 2017.

    The company says that the communication was being issued for the general guidance of the shareholders of ZMCL, who have been issued Equity Shares by DMCL, for computing the proportionate of cost of acquisition of ZMCL shares to be split between ZMCL and DMCL as per the provisions of the Income Tax Act, 1961.

  • ZMCL to demerge print biz into DMCL, list; approves new home shopping channel

    ZMCL to demerge print biz into DMCL, list; approves new home shopping channel

    MUMBAI: The board of directors of ZMCL has inter alia approved a draft of Scheme of Arrangement and Amalgamation for demerger of print media undertaking of the company into Diligent Media Corporation Limited (DMCL), merger of Mediavest India Private Limited and Pri Media Services Private Limited into DMCL and merger of Maurya TV Private Limited with the Company. As a part of the Scheme, the equity shares of DMCL shall be listed on stock exchanges.

    Newspaper Launch: The Network launched the Delhi edition of DNA on 11 October 2016.

    DNA launched with a promise. “We won’t compromise on the quality and integrity of journalism. You won’t find a story where we have sold our soul to make money and sold it to you as news,” wrote the editor-in-chief of the newspaper on the front page of the first issue of the 32-page paper priced at Rs 10. He further promised that the spanking new newspaper will change the rules of the game. DNA’s Delhi debut has, interestingly, took the media fraternity, including top media buyers at advertising agencies, by surprise.

    Delhi is a bigger print media market than Mumbai. Of Rs 5,100 crore invested into advertising in newspapers in Delhi and Mumbai, 60% goes into print brands in the capital. The English print market in Delhi is estimated to be at Rs 1,700 crore.

    Acquisition: Subsequent to September 30, 2016, the company has acquired 49 per cent stake in Today Merchandise Private Limited and Today Retail Network Private Limited and the Board of Directors today approved in-principle launch of a Home Shopping channel by the company.

  • ZMCL to demerge print biz into DMCL, list; approves new home shopping channel

    ZMCL to demerge print biz into DMCL, list; approves new home shopping channel

    MUMBAI: The board of directors of ZMCL has inter alia approved a draft of Scheme of Arrangement and Amalgamation for demerger of print media undertaking of the company into Diligent Media Corporation Limited (DMCL), merger of Mediavest India Private Limited and Pri Media Services Private Limited into DMCL and merger of Maurya TV Private Limited with the Company. As a part of the Scheme, the equity shares of DMCL shall be listed on stock exchanges.

    Newspaper Launch: The Network launched the Delhi edition of DNA on 11 October 2016.

    DNA launched with a promise. “We won’t compromise on the quality and integrity of journalism. You won’t find a story where we have sold our soul to make money and sold it to you as news,” wrote the editor-in-chief of the newspaper on the front page of the first issue of the 32-page paper priced at Rs 10. He further promised that the spanking new newspaper will change the rules of the game. DNA’s Delhi debut has, interestingly, took the media fraternity, including top media buyers at advertising agencies, by surprise.

    Delhi is a bigger print media market than Mumbai. Of Rs 5,100 crore invested into advertising in newspapers in Delhi and Mumbai, 60% goes into print brands in the capital. The English print market in Delhi is estimated to be at Rs 1,700 crore.

    Acquisition: Subsequent to September 30, 2016, the company has acquired 49 per cent stake in Today Merchandise Private Limited and Today Retail Network Private Limited and the Board of Directors today approved in-principle launch of a Home Shopping channel by the company.