• Friday, March 29, 2024

HEADLINE STORY

Zee Entertainment to acquire 100% stake in 9X Media

By: Eastern Eye Staff

A definitive agreement has been entered into by ZEEL to acquire the entire stake currently held by New Silk Route and other shareholders, thereby paving way for their exit. Leading global content company, Zee Entertainment Enterprises Ltd (Zeel) is set to acquire a 100 per cent stake in 9X Media Pvt Ltd and its subsidiaries in an all cash deal valued at Rs 160 crore. Punit Goenka, Managing Director and Chief Executive Officer of ZEEL, said, “Continuing with our strategy of expanding into regional markets and niche genres, we are pleased to announce this acquisition which strengthens our music portfolio.…

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