DB Corp Terminates License Agreement With DMCL

D.B. Corp Limited (DBCL) on Friday has announced that its contract with Diligent Media Corporation Limited (DMCL) has been terminated mutually with effect from the close of business hours on Thursday.

Consequent to this DBCL will stop publication of DNA newspaper from Jaipur, Ahmedabad cities from Friday, June 16, 2017, and onwards.

DBCL had earlier entered into a publication license agreements with DMCL, whereby DMCL had granted an exclusive license to DBCL to print, edit, publish, circulate and market the newspaper titled – “DNA – Daily News & Analysis” together with its supplement in the cities of Jaipur and Ahmedabad.

The stock of D.B. Corp on the NSE hit a high of Rs 377 per share higher by over 1% at 0930 hours.

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