ETC Network Ltd has considered and approved the scheme of amalgamation with Zee Interactive Learning Systems Ltd.
The scheme envisages amalgamation of ETC Network with Zee Interactive with effect from April 1, 2007. The exchange ratio is 1 share of Zee Interactive for 2 shares of ETC.
ETC Network is into broadcasting television channels, ETC Music and ETC Punjabi. Zee Interactive is a diversified education company.
Post amalgamation, the combined entity would be named ETC Networks Ltd and would be listed on the stock exchanges.
(Source: ET )
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