US EditionZee to invest Rs 50 crore in ZBullet, Rs 40 crore in Advance Media Distribution
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Zee to invest Rs 50 crore in ZBullet, Rs 40 crore in Advance Media Distribution
New Delhi: Zee Entertainment Enterprises (ZEEL) announced board approval for a Rs 90 crore investment across two newly incorporated subsidiaries: ZBullet Enterprises and Advance Media Distribution. According to the company’s exchange filing, Zee will invest up to Rs 50 crore in ZBullet and Rs 40 crore in Advance Media through optionally convertible debentures (OCDs). Both subsidiaries are in early stages and yet to begin commercial operations. …
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