Companies

ZEEL completes India Webportal buy

PTI New Delhi | Updated on January 12, 2018 Published on June 08, 2017

Zee Entertainment Enterprises Ltd (ZEEL) on Thursday said it is acquiring the balance 49 per cent equity stake in its subsidiary India Webportal Pvt Ltd for $30.7 million (₹197.47 crore) to consolidate the digital business. The company will also acquire 12.5 per cent stake in Tagos Design Innovations for $2.5 million (₹16.08 crore).

India Webportal distributes media content on digital platforms through various Web sites including India.com, Bollywoodlife.com and Cricketcountry.com.

Published on June 08, 2017
null
This article is closed for comments.
Please Email the Editor