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Zee Enter to form 50:50 JV with Star; stock gains 3.5%

Zee Entertainment Enterprises touched an intraday high of Rs 143.15 and an intraday low of Rs 138. At 11:59 hrs the share was quoting at Rs 141.85, up Rs 4.90, or 3.58%. Zee Entertainment Enterprises and Star are going to form 50:50 JV for distributing channels, reports CNBC-TV18.

May 26, 2011 / 12:14 IST
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Zee Entertainment Enterprises touched an intraday high of Rs 143.15 and an intraday low of Rs 138. At 11:59 hrs the share was quoting at Rs 141.85, up Rs 4.90, or 3.58%.


Zee Entertainment Enterprises and Star are going to form 50:50 JV for distributing channels. The new JV will have combined revenue of over Rs 2,000 crore. The distribution JV is between Zee Turner and Star Den, reports CNBC-TV18.


Zee Entertainment said that distribution JV has been named "Media Pro Enterprise".


It was trading with volumes of 193,464 shares. In the previous trading session, the share closed up 0.70% or Rs 0.95 at Rs 136.95.

Share Price Movement During The Last 12 Months
PeriodPriceLatest PriceGain/Loss (Rs.)% Gain/Loss
3-Days131.95141.859.907.50
5-Days131.60141.8510.257.79
7-Days130.75141.8511.108.49
15-Days132.50141.859.357.06
1-Month131.85141.8510.007.58
3-Month117.05141.8524.8021.19
6-Month140.70141.851.150.82
9-Month145.23141.85-3.38-2.33
1-Year137.93141.853.922.84

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first published: May 26, 2011 12:02 pm

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