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ZEE inches up on acquiring UAE’s leading radio station ‘Hum 106.2 FM’

30 Sep 2016 Evaluate

Zee Entertainment Enterprises (ZEE) is currently trading at Rs. 550.35, up by 1.65 points or 0.30% from its previous closing of Rs. 548.70 on the BSE.

The scrip opened at Rs. 547.00 and has touched a high and low of Rs. 551.00 and Rs. 540.65 respectively. So far 6,255 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 558.35 on 29-Sep-2016 and a 52 week low of Rs. 350.15 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 558.35 and Rs. 519.00 respectively. The current market cap of the company is Rs. 52,920.00 crore.

The promoters holding in the company stood at 43.07%, while Institutions and Non-Institutions held 51.95% and 4.98% respectively.

Zee Entertainment Enterprises has acquired the UAE’s leading radio station, Hum 106.2 FM. This step has been taken with an aim of strengthening its presence in the United Arab Emirates (UAE). The company now becomes the only entertainment network in the region to provide an extensive media solution to its partners through television, radio and digital.

106.2 Hum FM was previously owned and operated by Shamal Media Services. The station is a frequency originating from the emirate of Umm Al Quwain and forms a part of Umm Al Quwain Broadcasting Network (UBN).

ZEE is one of India’s leading television media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world, with an extensive library housing over 120,000 hours of television content.


Zee Entertainment Share Price

88.23 7.17 (8.85%)
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