wordpress blog stats
Connect with us

Hi, what are you looking for?

Sony Corp may buy a 20-25% stake in ZEEL for Rs 13,000 crore: report

Sony Corp may buy a 20-25% stake in Zee Entertainment Enterprises Ltd (ZEEL) worth Rs 13,000 crore, reports Mint. Sony would want at least 25%, which would give it promoter rights, it added. Zee and Sony declined to comment on the matter to the publication. Group chairman Subhash Chandra is looking to sell the stake for a premium of 30%, the report added, stating that Chandra wants to hold at least a 20% stake in the company. Mint’s source arrived at Rs 13,000 crore by stating that there were 940 million shares, at Rs 650 level, Chandra selling 19% would get the company Rs 13,000 crore. Mint reported that Reliance Industries had also spoken to Chandra about a possible offer, but this had not gone through. ZEEL’s capital allocation woes ZEEL first started looking for a buyer early last month,…

Please subscribe/login to read the full story.
Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ