Board of Directors of D.B. Corp Limited Considers the Merging of Radio Business of Synergy Media Entertainment Limited (SMEL) by process of demerger from SMEL
The company's Board has approved the share issue ratio of 10:1 for the demerger of the radio business of SMEL.
SMEL operates 17 FM radio stations in 7 states under the brand MY FM 94.3
SMEL has achieved EBIDTA breakeven in FY10, the only Company to attain the same within shortest possible time, with average age of 2.5 years of its radio stations.