Zee Entertainment Enterprises Ltd (ZEEL) on Thursday said it is acquiring the balance 49 per cent equity stake in its subsidiary India Webportal Pvt Ltd for $30.7 million (₹197.47 crore) to consolidate the digital business. The company will also acquire 12.5 per cent stake in Tagos Design Innovations for $2.5 million (₹16.08 crore).
India Webportal distributes media content on digital platforms through various Web sites including India.com, Bollywoodlife.com and Cricketcountry.com.