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Zee Entertainment Approve Bonus Issue

Zee Entertainment Enterprises Ltd. said its board approved issue of bonus shares in the ratio of one equity share of Re.1 each for every one equity share held by shareholders on the Record Date to be announced later.

The board also recommended final dividend of Rs.2 per equity share of Re.1 for the fiscal year 2010.

The company also approved allotment of 4,413,488 equity share of Re.1 each to the shareholders of ETC Networks Ltd., as per the composite scheme of amalgamation and arrangement. The company fixed September 17, 2010 as the Record Date for this purpose.

At the BSE, Zee Entertainment shares are currently trading at Rs.306.35, down by 0.11% from the previous close.

by RTTNews Staff Writer

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