New Delhi, October 6
Media conglomerate Zee Entertainment has acquired 100% stake in two media entities, 9X Media and INX Music, in a Rs 160-crore cash deal.
Besides, the company has also bought remaining 26% stake in Zee Turner Ltd for Rs 2.6 lakh, a 74% subsidiary of the company.
The board of Zee Entertainment Enterprise Ltd, in a meeting held today approved acquisition of 100 per cent stake in 9X Media PVt Ltd and INX Music Pvt Ltd, the company said.
9X Media operates five music channels - 9XM (Hindi), 9X Jalwa (Hindi), 9X Jhakkas (Marathi), 9XO (English) and 9X Bajao (Hindi).
INX Music is a 70.85% subsidiary of 9XM and engaged in the business of broadcasting a Punjabi music channel 9X Tashan, under its wholly owned subsidiary Paul Entertainment. — PTI
Unlock Exclusive Insights with The Tribune Premium
Take your experience further with Premium access.
Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Already a Member? Sign In Now
