Zee Telefilms Splits Businesses Into Three Groups; Plans Listing Of Two Entities
By Sahad PV - Wed 29 Mar 2006 07:03 PM PST
Indiantelevision.com: India’s leading TV network Zee Telefilms is restructuring the businesses. Zee’s board today approved splitting of broadcasting business into three entities—news operations, broadcast and content creation and Siti Cable.
After the restructuring, the new entities involved in cable business, and news operations, would be listed on the stock exchange. It also announced an ‘in principle’ approval of a proposal to demerge the consumer services business for Dish TV. The board of directors has approved the restructuring proposal related to the de-merger of news and cable business while directing the management to evaluate the direct consumer services business (dishtv related) and the assess the effect of de-merging it.
Zee Telefilms chairman Subhash Chandra said the company had a complex structure, which needed to be simplified as required by the regulatory environment and market needs. More here.
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