Business

Zee buys Reliance's TV, radio biz for INR 1,900 crore

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“The acquisition gives Zee a complementary portfolio. Reliance’s radio business is the jewel in the crown both in terms of reach and listeners. There are not many radio businesses which are key differentiators in their category. Additionally, the television portfolio gives them a ready comedy channel and also key access to the Bhojpuri market. But, whether the price justifies the deal or not remains to be seen.”

Sumeet Abrol
Partner, Grant Thornton India LLP

This article apeared in The Hindu Business Line on 24th November, 2016.