 "Zee Entertainment fully acquires 9X Media and INX Music in Rs 160-crore cash deal")
New Delhi: Media conglomerate Zee Entertainment has acquired 100 percent stake in two media entities, 9X Media and INX Music, in a Rs 160-crore cash deal. [caption id=“attachment_4117133” align=“alignleft” width=“380”]  Representational image. Reuters.[/caption] Besides, the company has also bought remaining 26 percent stake in Zee Turner Ltd for Rs 2.6 lakh, a 74 percent subsidiary of the company. The board of Zee Entertainment Enterprise Ltd, in a meeting held on Friday approved acquisition of 100 percent stake in 9X Media PVt Ltd and INX Music Pvt Ltd, the company said in a regulatory filing. 9X Media operates five music channels - 9XM (Hindi), 9X Jalwa (Hindi), 9X Jhakkas (Marathi), 9XO (English) and 9X Bajao (Hindi). INX Music is a 70.85 percent subsidiary of 9XM and engaged in the business of broadcasting a Punjabi music channel 9X Tashan, under its wholly owned subsidiary Paul Entertainment.
Zee Entertainment has also bought remaining 26% stake in Zee Turner Ltd for Rs 2.6 lakh
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