ETCNET

Zee Interactive Learning Systems Limited has informed the Exchange regarding salient features of the Scheme of Amalgamation of ETC Networks Limited with Zee Interactive Learning Systems Limited, approved by Hon'ble Bombay High Court vide order dated January 11, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/ETC_Scheme_28012008.zip target=NEW> For more details click here.</a>

Etc Networks Limited has informed the Exchange that: "At its hearing held today i.e. on January 11, 2008, Hon'ble High Court of Bombay has approved the Scheme of Amalgamation of ETC Networks Limited with Zee Interactive Learning Systems Limited which would be effective from the Appointed Date i.e. April 01, 2007".

Etc Networks Limited has informed the Exchange that pursuant to the directions given by the Hon'ble High Court of Bombay, a meeting of equity shareholders was held on November 02, 2007 to consider the Scheme of Amalgamation of ETC Networks Limited with Zee Interactive Learning Systems Limited and their respective shareholders. The Equity Shareholders have unanimously approved the Scheme.

Etc Networks Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on August 06, 2007 has considered and approved the Scheme of Amalgamation of ETC Networks Limited ('ETC' or 'the Company') with Zee Interactive Learning Systems Limited ('ZILS') and their respective shareholders. The salient features of the Scheme are as under : 1) The Scheme envisages the amalgamation of ETC with ZILS with effect from the Appointed date i.e. April 1, 2007. 2) ETC is in the business of broadcasting television channels, ETC Music and ETC Punjabi. Its current issued and