Follow Us
Zee Entertainment Enterprises Ltd (ZEEL) on Monday announced that it has completed acquisition of the balance 49% equity stake in its subsidiary India Webportal Private Limited (IWPL).
On June 8, ZEEL was reported to have announced that it will acquire balance 49% equity stake in India Webportal Pvt Ltd for Rs 197.47 crore to consolidate its digital business.
“The Company has completed the requisite formalities and acquired the balance 49% equity stake in IWPL comprising 12,20,10,000 equity shares of Rs 10 each. Upon aforesaid acquisition, IWPL has become a wholly owned subsidiary of the Company effective July 22, 2017,” ZEEL said in a BSE filing.
ZEEL completes its acquisition of IWPL
Zee Entertainment Enterprises Ltd (ZEEL) on Monday announced that it has completed acquisition of balance 49% equity stake in its subsidiary India Webportal Private Limited (IWPL)
Read more news about Marketing News, Advertising News, PR and Corporate Communication News, Digital News, People Movement News
For more updates, be socially connected with us on
Instagram,
LinkedIn,
Twitter,
Facebook,
YouTube
&
Google
News