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Zee Media Entertainment on Friday acquired 100 per cent stake in 9X Media and INX Music in a ₹160-crore deal.
The company has also bought the remaining 26 per cent stake in Zee Turner for ₹2.6 lakh. 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 per cent subsidiary of 9XM. Investors will watch the development.
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