Zee to acquire 80% stake in 2 India Today firms
Zee Media has informed the Bombay Stock Exchange (BSE) that it is acquiring 80% stake in two of India Today’s retail companies, Today Merchandise and Today Retail Network, for ₹166 crore. Through this, Zee reportedly aims to launch its own TV Shopping channel. The retail companies are based out of Delhi and were set up in 2010 and 2007, respectively.