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Why Zee Is Paying Cash To Buy Its Own Film Division
Zee is paying cash to buy its own film division. Here’s why...
18 Dec 2020, 08:06 PM IST
Zee Entertainment Enterprises Ltd. will pay its wholly owned subsidiary cash to buy a division. The money will then find its way back to the broadcaster as the subsidiary will redeem bonds issued to the parent.The broadcaster will pay Zee Studio Ltd. (erstwhile Essel Vision Productions Ltd., a 100% subsidiary) Rs 275 crore to acquire its film production and distribution business through slump sale (as a whole without assigning value ...
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