The Board of Zee Media Corporation at its meeting held on 28 June 2018 approved the following

 Sale of company's entire Equity Stake comprising of 4 Crore Equity Shares of Re. 1 each, in its wholly owned subsidiary Ez-Mall Online to Altilis Technologies, a Promoter Group entity, at an aggregate consideration of Rs. 8.60 crore, being the fair value as determined by M/ s. BDO India LLP, an Independent Valuer; and

 Substitution of Company's investment of Rs. 21.50 crore in the Optionally Convertible Debentures of Ez-Mall into Non-Convertible Debentures of equivalent value of Ez-Mall.- Capital Market - Live News