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Zee Telefilms to prune its subsidiaries to ten

20-December-2001
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Zee Telefilms to prune its subsidiaries to ten

Zee Telefilms has decided to prune the number of its subsidiaries from 22 to around 10. The move is part of the company’s strategy to consolidate business under three heads — content, access and education.

Zee started off the consolidation process by merging Siticable and Zee Interactive Multimedia. The group has filed an application in the Bombay High Court seeking clearance for the merger to bring all its companies under one single umbrella.

Zee Telefilms, currently, has eight Indian subsidiaries, including Programme Asia Trading Co, EL Zee Television, and Dakshin Media. It has six subsidiaries across Asia such as Winterheath Company, Asia Today and Expand Fast Holdings. Besides, the channel has eight other subsidiaries operating in international markets.

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