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Zee Entertainment aquired Sarthak Tv

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Zee Entertainment Enterprises Ltd agreed to acquire 100% equity stake in Sarthak Entertainment Pvt Ltd which operates ‘Sarthak TV’.As per the company – “The acquisition shall be from current shareholders of Sarthak Entertainment Private Limited, subject to requisite regulatory approvals, as an all-cash deal at a consideration of maximum of Rs. 115 Crores,” . With this acquisition, ZEEL has entered the rapidly expanding regional market in Odisha. Sarthak Tv with now be a part of Zee regional channels like Zee Marathi, Zee Talkies, Zee Bangla, Zee Bangla Cinema, Zee Telugu, Zee Kannada and Zee Tamizh.Sarthak TV was launched in the year 2010 and at present Sarthak TV is one of the leading Odia regional channels.Zee has been aggressively expanding in non-Hindi markets over the last 2-3 years. It now has a relatively strong presence in the Tamil market with Zee Tamizh.Speaking on the acquisition, MD & CEO of ZEEL, Mr. Punit Goenka said, “We are pleased to announce the acquisition of Sarthak as we continue to invest in tomorrow. The acquisition of an already profitable, market leading venture is going to be a value accretive investment in line with our philosophy of enhancing shareholder value. Sarthak will further add to our formidable bouquet of 33 channels in the domestic market”.Founder & Managing Director of the Sarthak Group Mr. Sitaram Agrawalla, and Mr. Raj Thourani, Director, Sarthak TV, further added, “It gives us great pleasure to announce that Sarthak will now be a part of India’s leading entertainment network. Being the oldest and market leading network in India, ZEEL would provide the perfect platform for Sarthak to grow further in the future. With a history of successful operations, we are sure Sarthak will be a great value-add for ZEEL”.

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