Zee Entertainment Enterprises Ltd. to Invest Additional Rs. 15 Crores in Ideabaaz Tech Private Limited

Zee Entertainment Enterprises Ltd. has approved an additional investment of Rs. 15 crores in the equity share capital of Ideabaaz Tech Private Limited (ITPL). ITPL is a media and entrepreneurship company operating across three transformative verticals: Show, Platform, and Exhibition. The objective is to diversify and expand ITPL's business operations. The acquisition does not fall under related party transactions and no governmental or regulatory approvals are required. The consideration is in cash, resulting in a 20% stake in ITPL on a fully diluted basis. ITPL was incorporated in India in November 2024 and does not have any presence outside India.