DB Corp Limited (BSE:533151) agreed to acquire remaining 43.18% stake in Synergy Media Entertainment Limited from Bhaskar Infrastructure Ltd. and other shareholders for INR 23.7 million in cash on December 4, 2012. In a related transaction DB Corp Limited (BSE:533151) agreed to acquire remaining 45% stake in I Media Corp Ltd. from other shareholders for approximately INR 360 million in cash on December 4, 2012.

DB Corp Limited (BSE:533151) completed the acquisition of the remaining 43.18% stake in Synergy Media Entertainment Limited Bhaskar Infrastructure Ltd. and other shareholders on December 11, 2012.