New Delhi: Zee News got listed at Rs 50 after Chairman Subhash Chandra rang the opening bell at the Bombay Stock Exchange on Wednesday.
Also, Zee Group’s demerged firm Wire and Wireless (India) Limited (WWIL) git listed at Rs 80 on the BSE. "The listings of Zee News and WWIL has been much beyond our expectations," said ZEE spokesperson.
Both Zee news and WWIL are demerged firms of Media conglomerate Zee Group. Under the scheme of demerger, Zee Telefilms had been renamed as Zee Entertainment Enterprises Ltd, and had begun trading on bourses as a demerged entity on December 18.
Pursuant to the Scheme of Arrangement, the cable business undertaking of Zee Telefilms Limited (ZTL) and Siti Cable Network Limited (SCNL), a wholly owned subsidiary of ZTL, has been transferred to and vested in Wire and Wireless (India) Limited.
Zee Group’s head Chandra hoped that Zee group would grow to Rs 11,000 crore over the next four years, as a result of restructuring of the flagship company Zee Telefilms.
Comments
0 comment