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| Exchange Disseminated Time 23/11/2016 15:19:17 | Zee Media Corporation Ltd has informed BSE that the Board of Directors of the Company at the meeting held on November 23, 2016, has approved in-principle, acquisition of Equity stake by the Company in the Radio Broadcasting business of Reliance Broadcast Network Limited (RBNL), to be transferred by RBNL to Vrushvik Entertainment Pvt Ltd and Azalia Media Services Pvt Ltd.
In this regard, the Company has issued a Press Release dated November 23, 2016, titled "Zee Media Corporation Limited to acquire 49% stake in 92.7 BIG FM, the Radio Broadcasting Business of Reliance Broadcast Network Limited". |
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