Zee Entertainment Enterprises has gained nearly 3% to Rs 289.05 after the company's board approved the scheme of arrangement with Diligent Media Corporation.
The board of directors of Zee Entertainment Enterprises (ZEEL) approved the scheme of arrangement between the company and Diligent Media Corporation (DMCL) for the demerger of the media business undertaking from DMCL and vesting into the company. DMCL is an Essel Group company.
So far 1.33 lakh shares were traded in BSE, compared with an average volume of 1.51 lakh shares in the past one quarter.
The stock hit a high of Rs 291.95 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 279.05 so far during the day.
