The Hindu Business Line : Zee announces share swap ratio

The company had announced a restructuring plan on Wednesday, wherein four listed entities would be created. Apart from ZTL, Zee News, Wire and Wireless and Dish TV would be the three other entities.

If FIIs hold more than 32 per cent shares of the company, then such class of FIIs, holding more than 0.5 per cent shares, would be allotted preference shares for such excess holding - 1,781 fully paid up preference share of Re 1 each for every 100 equity shares held in the company.

Shares of ZTL moved up by Rs 2.95 to Rs 242.50 in Thursday's trade on the BSE.

More Stories on : Restructuring | Stocks | Radio/TV | Zee Telefilms Ltd

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