ZeeL transfers digital publishing biz to Zee Media offshoot

The digital publishing business is valued at Rs 63.77 crores.

MUMBAI: Continuing with its restructuring, the ZeeL board has approved the transfer of its digital publishing business to Rapidcube Technologies, a subsidiary of group company Zee Media.

The transaction values the business at Rs 63.77 crores, and Rapidcube will pay the amount by transferring its shares of Rs 10 each to ZeeL. The former’s share capital at the time of writing is Rs 10 lakh, which is being enhanced to enable the transaction.

"The date of completion of transfer of the digital publishing business division to Rapidcube would depend upon receipt of relevant approvals and completion of conditions precedent (as identified in the agreement for transfer of the business)," the company said in a BSE filing.

ZeeL says the transfer of its digital publishing business will allow it to leverage the opportunities in the space through its equity holding in Rapidcube, which was incorporated in end October 2020.

The digital business clocked up revenues of Rs 32.8 crore in FY 2019-20, contributing 0.5 per cent to ZeeL’s standalone revenue. It also contributed Rs 62.2 crore as net worth to ZeeL, which is 0.8 per cent of the latter’s net worth.

ZeeL’s  digital publishing business includes websites/apps for 20 brands across 12 languages in various genres like news, entertainment, technology, cricket, health and lifestyle, and consists of flagship brands like,,,,,,,, and

Latest Reads
India TV's Rajat Sharma has highest number of Twitter followers: Study

According to a study by Muck Rack ‘The 2022 State of Journalism on Twitter,’ India TV editor-in-chief and chairman Rajat Sharma is the most followed verified journalist on Twitter following MSNBC host Rachel Maddow and CNN host Anderson Cooper.

Television TV Channels People
Shemaroo FilmiGaane YouTube channel touches 60 mn subscribers

Shemaroo FilmiGaane YouTube channel has hit the mega milestone of sixty million subscribers in the 60th year of Shemaroo.

Television TV Channels Music and Youth
Zing revamps brand strategy and channel packaging to appeal to Gen Z

Mumbai: Youth entertainment channel Zing has unveiled a new logo, channel packaging, brand ambassador and campaign. The channel has roped in Siddhant Chaturvedi to drive its campaign messaging aimed towards Gen Z audiences. “Zing’s brand purpose stems from Gen Z’s feeling of perpetually not being...

Television TV Channels Viewership
The New Season of HistoryTV18’s mobile-first food and travel series #RoadTrippinWithRnMstarts Today,May 25th

After seven successful road trips across the country,peerless flavour-hunters and entertainers extraordinaire, Rocky Singh and Mayur Sharma have their bags packedand are heading for hills in Season 8 of HistoryTV18’sdigital exclusive #RoadTrippinWithRnM.

Television TV Channels Viewership
Anant Rangaswami: A friend for life

It’s indeed a sad day when a dear friend passes. Friends aren't easily made and acquaintances take years to qualify as friends. They are hugely cherished commodities. I, for one, cannot make friends easily. It takes me a long while to get close to someone. To let my guard down enough to let them...

Television TV Channels Viewership
Zee Media's consolidated revenue up 33.6 percent at Rs 866.86 crore for FY22

Zee Media Corporation has announced its fourth quarter and yearly results for the financial year ended 31 March 2022.

Television TV Channels News Broadcasting
ZEE signs global media rights contract with UAE’s T20 league

UAE’s T20 league today announced the signing of a long-term global media rights contract with global media and entertainment powerhouse Zee. The league will air exclusively on Zee’s linear channels and its OTT platform Zee5, in India and across the world.

Television TV Channels Viewership
Gunjan Nagpal joins Rhiti Sports management as chief business officer

Mumbai: Gunjan Nagpal has joined Rhiti Sports as chief business officer, according to his latest LinkedIn update. Nagpal has over 18 years of experience across media, digital and banking. He specialises in new business development, directing cross-functional teams, managing 360-degree events and...

Television TV Channels Sports
Journalist, author and A&M industry thought leader Anant Rangaswami no more

Journalist, author and keen observer of the media and advertising industry Anant Rangaswami has passed away on Tuesday morning in Bengaluru. Rangaswami wore many hats during his career. He was editor of Storyboard, the advertising, media and marketing show on CNBC-TV18. Previously.

Television TV Channels Viewership