Mumbai, October 23, 2017: Shardul Amarchand Mangaldas & Co (SAM & Co) advised Zee Entertainment Enterprises Limited (ZEEL) on its acquisition of 100% stake in 9X Media Private Limited (and its subsidiaries) from New Silk Route Partners and other shareholders of 9x Media Private Limited. The deal was valued at INR 160 Crore.
The General Corporate Practice of SAM & Co advised on the transaction. The SAM & Co Team was led by Jay Gandhi, Partner; and included Arun Jerome, Principal Associate; Natalee Nanda, Associate.
Other advisors to the transaction were Ernst & Young LLP (financial and tax advisors to the Acquirer) and Economic Law Practice (legal advisors to the Sellers and 9x Media Private Limited)
The deal was signed on October 6, 2017 and the deal is yet to be closed.
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