Zee Group Re19 billion acquisition of Reliance Broadcast Networks' radio and TV business

Overview:

• Zee Entertainment Enterprises has acquired the general entertainment TV business - Reliance Big Broadcasting, Big Magic and Azalia Broadcast of the Anil Ambani-led Reliance Group while Zee Media Corporation has acquired a 49% stake in the FM radio business - Big FM.
• Zee Group will pay approximately Re19 billion as the aggregate consideration.

Wai Yee Tsang - Journalist