Zee Tele`s scheme of arrangement effective from Nov 22

Mumbai, Nov 23: Zee Telefilms Ltd today said the
scheme of arrangement between itself and three companies has
become effective from November 22.

The company today informed the Bombay Stock Exchange
that the scheme of arrangement has become effective upon
filing the certified copy of the Bombay High Court's order
with the registrar of companies.

Earlier on November 17, the Bombay High Court had
approved the scheme of arrangement between Zee Telefilms, Zee
News Ltd, Siti Cable Network Ltd, Wire and Wireless (India)
Ltd and their respective shareholders.

Shares of the company were trading at Rs 354.30, up 1.62
per cent on the BSE.

Bureau Report