India: Zee to acquire 80% stake in Margo Networks for $11.5m

India: Zee to acquire 80% stake in Margo Networks for $11.5m

Subhash Chandra Chairman, Essel Group & ZEE

Zee Entertainment Enterprises Ltd (ZEEL) has received its board approval to acquire 80 per cent in tech startup Margo Networks Pvt. Ltd for Rs 75 crore ($11.5 million), the company said in a stock market disclosure.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter