SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ZEEL gets nod to acquire 100% stake in two Media entities

07 Oct 2017 Evaluate

Zee Entertainment Enterprises (ZEEL) has received Board's approval for acquisition of 100% equity stake in two Media entities viz. 9X Media (9XM) and INX Music (INX) from their existing shareholders at an aggregate cash consideration of Rs 160 crore. The company also received approval for acquisition of balance 26% equity stake in Zee Turner (ZTL), a 74% subsidiary of the Company, held by the Joint venture partner Turner International India at par value of Rs 2,60,000. The Board of Directors of the Company at the meeting held on October 6, 2017, approved the same.

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.

Zee Entertainment Share Price

86.75 -0.95 (-1.08%)
21-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×