Tag Archives: Diligent Media Corporation Ltd (DMCL)

ZEE allots 22.3 mn shares to DMCL

Zee Entertainment Enterprises Ltd (ZEEL) has reported that it has allotted over 22.3 million preference shares to the shareholders of Diligent Media Corporation Ltd (DMCL) as part of the demerger strategy. On September 12, the Bombay High Court approved the demerger proposal. ZEEL said as per the terms of issuance, the preference shares allotted are [...]