Top Story

e4m_logo.png

Home >> International >> Article

MGM, Nine Network major contenders for acquiring stake in Zee Telefilms Ltd.

25-May-2001
Font Size   16
MGM, Nine Network major contenders for acquiring stake in Zee Telefilms Ltd.

MGM Inc. and Nine Network are the major contenders for acquiring substantial stake in Zee Telefilms Limited (ZTL). At the moment, Subhas Chandra holds around 60 per cent stake in ZTL and is expected to hold a majority stake in the company.

Industry sources say that MGM and Nine Network are in the reckoning to participate in the equity offloading announced by Chandra on Wednesday. This deal can be a boon for MGM, which is eyeing the vast Indian visual market. Presently MGM has 14 channels internationally.

Partnership with Nine Network will give benefit to both the companies. Zee has yet to start its sports channel due to stiff competition in international as well as Indian market. Nine Networks, which has technical as well as programming experience, would help Zee to launch its sports channel.

Shares of Zee Telefilms rose over four per cent on Thursday, while the stock market remains sluggish. It is believed that Zee shares were powered by the company’s announcement late on Wednesday.

Tags

Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

Strategized and executed by WATConsult, the campaign portrays different personalities through different shades of make-up.

At the recent unveiling of the Pitch Madison Advertising Report 2018, industry leaders from Dominos, Titan Watches, Nature’s Basket and Big Bazaar drew their conceptual learnings on factors that build...

Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.