Zee’s Demerged Structure; Topline Of Rs 11,000 Crore By 2011 Says Subhash Chandra

The details of the restructuring of Zee Telefilms Ltd into Zee Entertainment Enterprises Ltd (ZEEL), Wire and Wireless India Ltd (WWIL), ASC Enterprises Ltd and Zee News Ltd (ZNL) are available at the BSE website, here.
Zee Telefilms Ltd is being renamed Zee Entertainment Enterprises Ltd, which will include Zee TV, Zee Cinema, Zee Sports, Zee Music, Zee Smile, Zee Jagran, Zee Premiere, Zee Classic, Zee Action, Zee Studio, Zee Cafe and Zee Trendz.
Shareholders with 100 shares of Zee Telefilms Ltd will get 100 shares ZEEL, 137 shares of ZNL (which will be reduced by 67 percent to 45 shares), 50 shares in WWIL and 230 shares ASC Enterprises Ltd (Dish). ASC Enterprises will be renamed Dish TV India Ltd (DTIL), and its share capital will be reduced by 75%, and hence one would get 57 shares of DTIL.
Trading at the BSE as the demerged entity ZEEL today, the ZTL share has closed at 272.80, down Rs.68.80 (20.18 percent) today.
Chairman Subhash Chandra tells PTI (via the Economic Times):
“We expect revenues of Rs 2,000 crore by March 31, 2007, with EBIDTA margin of Rs 500 crore. Going by a 35 per cent year-on-year growth, we expect the overall top-line to be around Rs 10,000-11,000 crore by the year ending March 31, 2011.” The listing of the new entities will be completed by Jan end.