Tuesday , October 26 2021

Zee Entertainment Enterprises inches up as ZEE5 inks pact with Vakrangee

Zee Entertainment Enterprises is currently trading at Rs. 358.30, up by 15.50 points or 4.52% from its previous closing of Rs. 342.80 on the BSE.

The scrip opened at Rs. 350.00 and has touched a high and low of Rs. 362.75 and Rs. 349.00 respectively. So far 799817 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 580.00 on 28-May-2018 and a 52 week low of Rs. 288.95 on 25-Jan-2019.

Last one week high and low of the scrip stood at Rs. 394.65 and Rs. 340.35 respectively. The current market cap of the company is Rs. 34385.25 crore.

The promoters holding in the company stood at 38.20%, while Institutions and Non-Institutions held 56.34% and 5.46% respectively.

ZEE5, a video on demand website run by Zee Entertainment Enterprises, has entered into partnership with Vakrangee to enable offline subscription of its premium content. The partnership will allow ZEE5 to make its service in 3,504 Nextgen Vakrangee Kendras across the country.

With 68% of its Nextgen outlets in Tier-5 and 6 towns, Vakrangee will offer ZEE5 services to the most remote and hitherto unserved/underserved parts of the country.

Zee Entertainment Enterprises is one of India’s leading television media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world.

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