Multiple bidders in the fray to buy stake Zee Entertainment

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Jio would mean Colors TV18 network and Zee Network will become sister networks
No.Literally TV 18 is a subsidiary of Reliance Industries has partnership with Viacom )and Jio is an another subsidiary.Reflections may happen mainly on Jio's digital platforms.Jio may get access to Zee contents like from TV 18.
 
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