ZEEL enters into SPA with Mantena Aviation LLP, Fly-By-Wire International
25th Jul 2020

Zee Entertainment Enterprises (ZEEL) has entered into a Share Purchase Agreement (SPA) with Mantena Aviation LLP and Fly-By-Wire International, a wholly owned subsidiary of the company for transfer of equity shares of the subsidiary in two tranches and on the terms and conditions mentioned in the SPA. The total consideration to be received is Rs 27 crore.

Zee Entertainment Enterprises is one of India’s leading television media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world.