DMC International Ltd has informed BSE that Swen Realty & Media Ltd (A Group Company of DMC International Ltd) has entered into an agreement with M/s. Global Infocom Ltd, a Company registered under Companies Act, 1956 to acquire its online portal “Jaaydaad.com”, a leading real estate network in the Country.

Swen Realty & Media Ltd is proposed to be amalgamated with the Company - DMC International Ltd pursuant to the Scheme of Arrangement for Amalgamation of Swen Realty & Media Ltd with DMC International Ltd and Reduction of Capital of DMC International Ltd, subject to the approval of the High Court and other statutory approvals.