Zee Entertainment Enterprises’ board has approved the acquisition of film production and distribution business as a going concern, on a slump sale basis from Zee Studios (formerly known as Essel Vision Productions), a wholly owned subsidiary of the Company, for a cash consideration, on such terms and conditions as contained in the Business Transfer Agreement (BTA). The acquisition of film production and disbbution business would inter alia result in growth opportunities in line with the strategic decisions of the Board of Directors of the company. The Board of Directors of the company at the meeting held on December 17, 2020 has 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.
Company Name | CMP |
---|---|
Zee Entertainment | 147.70 |
Sun TV Network | 605.45 |
GTPL Hathway | 188.00 |
TV18 Broadcast | 46.32 |
Den Networks | 50.30 |
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