Zee Media Corporation has bought 80% stake in two India Today group companies - Today Merchandise and Today Retail Network for Rs 166 crore. The two companies together run an e-commerce portal.
Zee will make the payments to India Today in installments. By June end, Zee will spend Rs 39.78 crore to acquire 49 percent stake in both the companies. Zee will take over operational and managerial control by that time.
Zee Media Corporation (ZMCL), formerly known as Zee News, broadcasts 10 news channels including two national ones - Zee News and Zee Business.
| Company Name | CMP |
|---|---|
| Zee Entertainment | 95.08 |
| Sun TV Network | 574.00 |
| GTPL Hathway | 69.01 |
| Network 18 Media Inv | 34.43 |
| TV Today Network | 124.20 |
| View more.. | |
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