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Zee Entertainment ups stake in Taj TV, Q3 net up 74%
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#1
Quote:Zee Entertainment Enterprises Ltd has announced the following Unaudited results for the quarter ended December 31, 2009:

Zee Entertainment Enterprises in its board meet yesterday approved hiking stake in Taj TV, Mauritius and Taj Television.

According to a release issued by the company to the BSE today, the board has approved, acquisition of additional 45% equity stake in Taj TV, Mauritius, the owners of Ten Sports channel, through its overseas subsidiary and an additional 50% equity stake directly in the Indian arm, Taj Television (India) Pvt Ltd thus making it a wholly owned subsidiary of the company.

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#2
Such stake acquistions should place more importance on customer satisfying remedies.
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