Zee Group’s demerged entities, ZNL and WWIL, get listed from today

Zee Group’s demerged entities, Zee News Ltd and Wire and Wireless India Ltd begin trading on the bourses from January 10, 2007. Both the companies have been listed independently on the BSE and NSE, while ZNL has been listed on the Calcutta Stock Exchange too.

e4m by exchange4media Staff
Published: Jan 10, 2007 9:22 AM  | 3 min read
Zee Group’s demerged entities, ZNL and WWIL, get listed from today

Zee Group’s demerged entities, Zee News Ltd and Wire and Wireless India Ltd begin trading on the bourses from January 10, 2007. Both the companies have been listed independently on the BSE and NSE, while ZNL has been listed on the Calcutta Stock Exchange too. It couldn’t be ascertained whether WWIL too would be listed on the Calcutta Stock Exchange at the time of filing the story.

Harish Doraiswamy, CEO, ZNL, said, “It’s an important step for us. We are going to be an independent company now, so it places a higher responsibility on us to make sure that the shareholder’s interest are protected and the regulations are complied in letter and spirit. It places a great deal of emphasis to ensure that the actions taken by us should enhance the shareholder’s value.”

ZNL is however not looking at issuing an IPO at this point of time. Doraiswamy said, “We do not envisage going for an IPO at this stage, and if at all we do look at it in the future, we will run business through internal cash generation.”

The broadcasting business of Zee Telefilms Ltd, which post the demerger has been hived off into Zee News Ltd (ZNL) include channels like Zee News, Zee Business, Zee Marathi, Zee Bangla, Zee Punjabi, Zee Gujarati, Zee Telugu, Zee Kannada and Chobbees Ghanta.

The focus of ZNL now is to consolidate its existing business and make them grow. Apart from that, the company is also gearing up to launch its Marathi news channel, 24 Tas, which is slated for launch on January 26, 2007.

Going forward, ZNL will be betting big on the regional space. Currently, with six regional entertainment channels in its fold, plans are afoot to look at Tamil and Malayalam too (both entertainment as well as news) in the long term. Said Doraiswamy, “Our vision is to cater to all the major linguistic denominations in the country for we feel that the opportunity in this space is manifold.”

Zee News Ltd clocked around Rs 150 crore during April-November 2006. When queried on the growth targets in the future, Doraiswamy said, “For the next five years, we are expecting our turnover to be at the compounded growth rate of about 35 per cent.”

The company believes in growing its viewership by getting its content and marketing in place. However, ZNL would not focus much on its marketing spend as it feels that there is access to advertising inventory through its own network of channels.

As per the demerger scheme, shareholders of ZTL are entitled to get 45 shares of ZNL and 50 shares of WWIL for every 100 shares held in ZTL.

When contacted, WWIL (cable television business) CEO, Jagjit Singh Kohli, said, “We are very happy that we are finally getting listed. We will be India’s first multi-service operator to be listed on the stock exchange. We are happy that from now shareholders can participate in our growth story.”

Kohli sounded quite bullish about the company’s growth, which he termed would be an ‘explosive one’. He said, “We will convert this opportunity into a business which is not just for the benefit of the company but for the shareholders too.”

When queried on the secondary issue of the company, Kohli said, “We will see how we go about raising money. It will be either through preferential issue of shares or through qualified institutional placement.” He, however, refused to put any time frame as to when it will happen. All he said was “in due course of time.”

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E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur

The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more

e4m by e4m Staff
Published: Oct 27, 2023 6:15 PM  | 1 min read
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With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.

The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.

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Swapan Seth's new book 'COOL' is out

The book is a reflection of the author's 'eclectic taste across categories'

e4m by e4m Staff
Published: Oct 27, 2023 6:07 PM  | 1 min read
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Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."

The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."

COOL has been published by Simon & Schuster India and is available on Amazon.

Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.

He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.

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Disney Star signs 9 sponsors for Asia Cup PAK

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board

e4m by exchange4media Staff
Published: Aug 26, 2023 11:48 AM  | 1 min read
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e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.

According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.

As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.

A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.

Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.

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Sorted 360 wins creative & social media mandate of Reliance Mall

The agency will manage offline and online campaigns for Reliance Mall

e4m by exchange4media Staff
Published: Aug 26, 2023 10:54 AM  | 1 min read
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Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.

“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.

“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.

"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."

"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:39 PM  | 1 min read

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:38 PM  | 1 min read

KlugKlug onboards Hemang Mehta as Country Manager for Indias

Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments

e4m by exchange4media Staff
Published: Aug 24, 2023 3:35 PM  | 1 min read
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KlugKlug has appointed Hemang Mehta as its Country Manager for India.

Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy

Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.

Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."

Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."

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