It could well have been a distress sale. Zee Media Corporation Ltd (ZMCL) has acquired Maurya TV Pvt Ltd, the company which ran Hindi news and current affairs channel Maurya TV in Bihar and Jharkhand, for just Rs 7.79 crore (Rs 77.92 million). ZMCL, which held 37.87 per cent of Maurya TV Pvt Ltd, bought out the remaining stake last month to take complete ownership of the company.
Read more at: http://www.televisionpost.com/television/zee-media-purchases-maurya-tv-for-rs-7-79-crore/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/television/zee-media-purchases-maurya-tv-for-rs-7-79-crore/ | TelevisionPost.com