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.
