Television

ETC Networks to list on BSE and NSE from 9 Feb

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MUMABI: ETC Networks, formerly known as Econnect India Ltd, will be listed and traded on BSE and NSE from 9 February.

ETC Networks was de-listed from the two Exchanges in October 2004 when it merged into Econnect India, a Zee subsidiary which had practically gone defunct after the Internet-related businesses didn't take off. Simultaneously, application was made to name the company as ETC Networks and list it again.

The merger, sources say, was for tax reasons. The suspension of ETC Networks would end on 9 February.

 

According to an official release, the name of Econnect India has been changed to ETC Networks subsequent to the merger. The company's registered office has been shifted from Delhi to Mumbai, the release also adds.

ETC has declared and paid dividend at the rate of Rs 2 per share (20 per cent ) in February 2005.

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