The stock rose 5 per cent to Rs 208.80, after the parent company, Zee Entertainment, informed that its board would meet on December 23 to consider restructuring of the ETC Networks. The company is engaged in the business of education and entertainment channels.
The education division, Zee Learn, aims to capitalise on human capital, while the entertainment division runs two channels — ETC Music and ETC Punjabi. The company posted a 68 per cent drop in net profit to Rs 1.93 crore during the first half of the year ended September, 2009 against Rs 6.05 crore reported in the same period last year.
