Diligent Media Corporation Ltd
Diligent Media | 540789
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About Company
- Diligent Media Corporation Limited was incorporated in the State of Maharashtra on 17th February 2005, as a Joint Venture between Essel Group and Bhaskar Group, India's leading media giants and began its journey with launch of Mumbai edition of Daily News Analysis (DNA), an English daily broadsheet, in July 2005
- Bhaskar Group exited the JV in 2012, after which the Company was consolidated under Zee Media Corporation Limited, an Essel Group Company, as a step-down subsidiary
- With the change in regulatory landscape and considering the scale achieved, the Print Media Division got demerged and consolidated independently under the Company as a part of strategic move
- The Company is presently in the business of Digital Media comprising distribution of newspapers, videos, documentaries, publication, printing of books and other periodicals and photo stories
- The Company launched its erstwhile franchise editions of DNA in Jaipur & Ahmedabad as independent editions in June 2017
- Company's entry in regional newspaper marked the launch of a Marathi weekly newspaper 'Zee Marathi Disha' in December 2017 in pursuance of a Scheme
- With these launches, Company works nearly 4 editions of English daily newspaper DNA (Mumbai, Delhi, Jaipur and Ahmedabad), a weekly Marathi language newspaper and digital editions of these newspaper in its business portfolio
- In 2017-18, the restructuring was affected through a Scheme of Arrangement and Amalgamation, following the Print Media business carried on by the Company, its erstwhile Holding Company, Zee Media Corporation Limited (ZMCL) and other Print Media subsidiaries of ZMCL viz
- Mediavest India Private Limited (Mediavest) and Pri-Media Services Private Limited (Pri-Media) was consolidated under, and vested with, the Company through the Scheme of Arrangement and Amalgamation following the approval from Mumbai Bench of the Hon'ble National Company Law Tribunal (NCLT), vide an Order dated June 8, 2017
- As per the said Scheme, the Print Media Undertaking of Zee Media Corporation Limited including the equity investment of ZMCL in Mediavest India Private Limited and Pri-Media Services Private Limited got merged with the Company effective from April 1, 2017
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All figures in ₹ Crores
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Frequently Asked Questions
What is Share Price of Diligent Media Corporation Ltd?
The current share price of Diligent Media Corporation Ltd (Diligent Media) is ₹4.17. This price reflects the latest market valuation and is updated in real-time during trading hours.
What is the 52-week high and low of Diligent Media Corporation Ltd?
Diligent Media Corporation Ltd has a 52-week high of ₹7.17 and a 52-week low of ₹3.90. This range shows the stock's price volatility over the past year.
What is the ROE of Diligent Media Corporation Ltd?
Diligent Media Corporation Ltd has a Return on Equity (ROE) of 7.29%. ROE measures how effectively the company uses shareholders' equity to generate profits, with higher values generally indicating better performance.
Disclaimer:
Please note that the above list and information is for research purposes only and are not recommendations. Do your own due diligence or consult an investment advisor before investing. The above data is dynamic in nature and subject to real-time changes and is derived from CMOTS.
