REGULATOR TO PROBE ZEETELEFILMS STOCK PRICE RISE

The Indian stock market regulator The Securities Exchange Board of India (Sebi) has asked stock-broking firms in India to give more details of their transactions in the Zee Telefilms Ltd (ZTL) share. The ZTL share has spurted to touch Rs 698 ($16.50) on the back of news that Zee TV was going to merge with Rupert Murdoch's Star TV Indian operations. Both Star and Zee TV have sporadically announced that a merger is not on the anvil. ZTL is the programming and ad sales booking firm for the top private Indian satellite TV service Zee TV.