DB Corp Limited (BSE:533151) agreed to acquire the remaining 45% stake in I Media Corp Ltd. from Writers and Publishers Private Limited and other existing shareholders for approximately INR 360 million on December 4, 2012. In a related transaction, DB Corp Limited (BSE:533151) also agreed to acquire remaining 43.18% stake in Synergy Media Entertainment Limited from other shareholders for INR 23.7 million in cash on December 4, 2012. I Media will become a wholly owned subsidiary of DB Corp. I Media Corp reported INR 70 million of revenue, INR 65.54 million of net loss, INR 327.48 million of net liability, INR 48.98 million of total assets and (INR 61.36 million) of EBITDA for the year ended March 31, 2012.

DB Corp Limited (BSE:533151) completed the acquisition of remaining 45% stake in I Media Corp Ltd. from Writers and Publishers Private Limited and other existing shareholders on December 11, 2012.