Zee closer to demerger of print biz

Tribunal directs it to organise shareholders' meeting on March 27 to clear this

The news media arm of the Subhash-Chandra-led Essel Group has been directed by the National Company Law Tribunal’s (NCLT’s) Bench here to have a shareholders meeting on March 27. 

The agenda is to clear the demerger of the print business from Zee Media Corporation, a listed company housing both the print and television news media interests of the group.  

The rationale for the demerger, according to a notice to the stock exchanges by the company, is to unlock value and simplify the business’ structure. The move acquired significance in the wake of speculation around consolidation in