Zee Entertainment Enterprises has received an approval for acquisition of 49% equity stake in India Webportal (IWPL) from its existing shareholders at an aggregate consideration of Rs 200 crore. The board of directors at their meeting held on June 8, 2017, has approved for the same.
The board has also approved acquisition of 12.50% equity stake (on fully diluted basis) in Tagos Design Innovations (Tagos), Bangalore at an aggregate consideration of Rs 16.15 crore.
Zee Entertainment Enterprises 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.
Company Name | CMP |
---|---|
Zee Entertainment | 150.65 |
Sun TV Network | 660.15 |
GTPL Hathway | 165.60 |
TV18 Broadcast | 42.71 |
Den Networks | 50.20 |
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