Zee Media Corporation to acquire 80 percent stake in India Today’s e-commerce and TV shopping units

Q.  Zee Media Corporation will acquire 80% stake in which TV and commerce shopping entities?
- Published on 29 Feb 16

a. Today Merchandise
b. Today Retail Network Ltd
c. India Today
d. Both a and b

ANSWER: Both a and b
 
Zee Media Corporation will acquire 80% stake in India Today’s group loss making e-commerce and TV shopping entities Today Merchandise and Today Retail Network Pvt Ltd for INR 166 crore in payments staggered over the next 4 years.Investment will be made in tranches and with this acquisition, the company will lower launch timing of its TV Shopping channel.

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