Apr 13, 2020
Zee Entertainment slides 10% on Rs 522 crore investment in tech arm
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Shares of Zee Entertainment Enterprises Ltd (ZEEL) fell 10 per cent to Rs 135 on the BSE on Monday after the media major invested Rs 522 crore in tech subsidiary Margo Networks, which offers streaming and advertising services under the ‘SugarBox’ brand name. ZEE owns 80 per cent in Margo.
Till 09:34 am, a combined 1.8 million equity shares had changed hands and there were pending sell…
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