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RE: Zee to buy Reliance Broadcast Network for Rs 2,000 cr
Like zindagi(English feed announced)
Zee should use it to launch one channel like star world premiere :hd
SarfaRaZ said:Yes Englishbut with Hindi feed also :huh
Like zindagi(English feed announced)
Zee should use it to launch one channel like star world premiere :hd
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RE: Zee to buy Reliance Broadcast Network for Rs 2,000 cr
Mumbai: The Board of Directors of Zee Entertainment Enterprises Limited (“ZEEL”) (BSE: 505537, NSE: ZEEL.EQ) today approved the acquisition of the General Entertainment Broadcasting Business Undertaking of Reliance Big Broadcasting Private Limited, Big Magic Limited & Azalia Broadcast Private Limited, all part of Anil Ambani-led Reliance Group Entities through a scheme of demerger and execution of definitive agreements in relation to such proposed acquisition (the “Proposed Transaction”).
The TV Broadcasting business of Reliance Group Entities currently comprises two operational general entertainment channels (“BIG Magic” and “BIG Ganga”) and 4 other TV licenses.
BIG Magic is a Comedy channel catering to Hindi Speaking Markets. BIG Ganga is a leading Bhojpuri entertainment channel catering to audiences in Bihar, Jharkhand and Purvanchal. The channels are available on all major MSOs and DTH operators.
The General Entertainment TV Broadcasting business undertaking along with its assets, liabilities, licenses, trademarks etc. shall get demerged from “BIG Magic Ltd”, “Reliance Big Broadcasting Private Ltd” and “Azalia Broadcast Private Ltd” into ZEEL through a court-approved scheme.
Mr. Punit Goenka, MD & CEO, ZEEL said, “We are pleased to announce this acquisition which further adds to our expanding universe of general entertainment channels. BIG Magic gives us access to comedy genre enhancing our customer offerings. BIG Ganga, a leading Bhojpuri channel syncs with our strategy of expanding into the regional markets which offers attractive growth potential. I am confident that these two channels will make the ZEE Network channels more enriching for the audience and for the Company.”
Mr. Sam Ghosh, ED and Group CEO, Reliance Capital said, “We are happy to divest 100 per cent of our general entertainment TV business to Zee Entertainment. This transaction is part of our strategy to reduce exposure in non-core businesses and work towards further reducing debt under Reliance Capital.”
The proposed transaction remains subject to approval of the shareholders and requisite regulatory approvals including stock exchanges, Ministry of Information & Broadcasting, Hon’ble High Court at Bombay. The transaction is expected to close in the second half of CY2017.
Acquisory Consulting LLP and KPMG are acting as financial / tax advisors to ZEEL and the fairness opinion has been provided by IDBI Capital Markets. Luthra & Luthra Law Offices is acting as the legal advisor. EY and Phoenix Legal are acting as financial and legal advisors to Reliance Broadcast Network Limited respectively.
ZEEL acquires Big Magic and Big Ganga from Anil Ambani led Reliance
Mumbai: The Board of Directors of Zee Entertainment Enterprises Limited (“ZEEL”) (BSE: 505537, NSE: ZEEL.EQ) today approved the acquisition of the General Entertainment Broadcasting Business Undertaking of Reliance Big Broadcasting Private Limited, Big Magic Limited & Azalia Broadcast Private Limited, all part of Anil Ambani-led Reliance Group Entities through a scheme of demerger and execution of definitive agreements in relation to such proposed acquisition (the “Proposed Transaction”).
The TV Broadcasting business of Reliance Group Entities currently comprises two operational general entertainment channels (“BIG Magic” and “BIG Ganga”) and 4 other TV licenses.
BIG Magic is a Comedy channel catering to Hindi Speaking Markets. BIG Ganga is a leading Bhojpuri entertainment channel catering to audiences in Bihar, Jharkhand and Purvanchal. The channels are available on all major MSOs and DTH operators.
The General Entertainment TV Broadcasting business undertaking along with its assets, liabilities, licenses, trademarks etc. shall get demerged from “BIG Magic Ltd”, “Reliance Big Broadcasting Private Ltd” and “Azalia Broadcast Private Ltd” into ZEEL through a court-approved scheme.
Mr. Punit Goenka, MD & CEO, ZEEL said, “We are pleased to announce this acquisition which further adds to our expanding universe of general entertainment channels. BIG Magic gives us access to comedy genre enhancing our customer offerings. BIG Ganga, a leading Bhojpuri channel syncs with our strategy of expanding into the regional markets which offers attractive growth potential. I am confident that these two channels will make the ZEE Network channels more enriching for the audience and for the Company.”
Mr. Sam Ghosh, ED and Group CEO, Reliance Capital said, “We are happy to divest 100 per cent of our general entertainment TV business to Zee Entertainment. This transaction is part of our strategy to reduce exposure in non-core businesses and work towards further reducing debt under Reliance Capital.”
The proposed transaction remains subject to approval of the shareholders and requisite regulatory approvals including stock exchanges, Ministry of Information & Broadcasting, Hon’ble High Court at Bombay. The transaction is expected to close in the second half of CY2017.
Acquisory Consulting LLP and KPMG are acting as financial / tax advisors to ZEEL and the fairness opinion has been provided by IDBI Capital Markets. Luthra & Luthra Law Offices is acting as the legal advisor. EY and Phoenix Legal are acting as financial and legal advisors to Reliance Broadcast Network Limited respectively.
ZEEL acquires Big Magic and Big Ganga from Anil Ambani led Reliance
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RE: Zee to buy Reliance Broadcast Network for Rs 2,000 cr
Zindagi telecast a foot content from around the world and I fall in love with it bcoz it support Indian Army and remove all Pakistani content from its Library.rohitraj73044 said:
rohitraj73044
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RE: Zee to buy Reliance Broadcast Network for Rs 2,000 cr
Feriha is Turkish show.. N ha u r ri8 bro.. Zindagi is fantabulous channels.. I jst love ithike said:
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RE: Zee to buy Reliance Broadcast Network for Rs 2,000 cr
So what does the new acquisition bring to the table for ZEEL?
ZEEL will get six TV channel licences through the acquisition. RBNL holds five TV licenses (including Big Magic and Big Ganga) and Azalia holds one licence. The licences will get transferred to ZEEL through the demerger scheme. All the related assets and liabilities including the trademarks will also get transferred to ZEEL.
ZEEL to gobble up Anil Ambani’s TV biz for price consideration of Rs 298.4 cr | TelevisionPost.com
So what does the new acquisition bring to the table for ZEEL?
ZEEL will get six TV channel licences through the acquisition. RBNL holds five TV licenses (including Big Magic and Big Ganga) and Azalia holds one licence. The licences will get transferred to ZEEL through the demerger scheme. All the related assets and liabilities including the trademarks will also get transferred to ZEEL.
ZEEL to gobble up Anil Ambani’s TV biz for price consideration of Rs 298.4 cr | TelevisionPost.com
RE: Zee to buy Reliance Broadcast Network for Rs 2,000 cr
The only missing piece in the ZEEL jigsaw is a Malayalam GEC. The company, which has been considering entering that market for quite some time, will now seriously look at opportunities as it has already cracked the Tamil market.
ZEEL to gobble up Anil Ambani’s TV biz for price consideration of Rs 298.4 cr | TelevisionPost.com
The only missing piece in the ZEEL jigsaw is a Malayalam GEC. The company, which has been considering entering that market for quite some time, will now seriously look at opportunities as it has already cracked the Tamil market.
ZEEL to gobble up Anil Ambani’s TV biz for price consideration of Rs 298.4 cr | TelevisionPost.com
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