GECs
Demerged Zee Tele to start trading from 18 December
MUMBAI: Zee Telefilms Limited (ZTL) today said that the demerged shares of the company would start trading on the stock exchanges from 18 December.
This follows the hiving off, effective 22 November, of the cable and the regional and news broadcasting businesses into Wire & Wireless India Limited (WWIL) and Zee News Limited (ZNL) respectively. WWIL and ZNL will get listed on the bourses in January, the company announced.
Demerged ZTL (including the DTH business undertaking) would continue to trade on the stock exchanges. A separate record date would be announced for the demerger of the DTH business of ZTL into ASC Enterprises Limited, to be renamed Dish TV India Limited (Dish), it was announced.
The process of getting approval for the demerger of the DTH business is under way, the release adds.
Zee Group chairman Subhash Chandra stated, “From 18th December, Zee Telefilms Limited would start trading as the demerged entity (to be renamed Zee Entertainment Enterprises Limited) and two new companies would start their journey as independently listed entities. Though the business of both WWIL and ZNL was earlier part of ZTL, they would be able to unlock greater shareholder value as independent companies.”
Zee has already received approval of its demerger scheme by the Bombay High Court.
Shareholders of ZTL would receive 45 shares of ZNL and 50 shares of WWIL for every 100 shares held in ZTL. As for Dish 100 shares in ZTL would translate into net 57 shares, implying effective shareholding of 57 per cent.
GECs
Samsung TV Plus launches Kings of Comedy channel
New free FAST channel brings iconic Hindi comedy shows to millions of Samsung Smart TV owners.
MUMBAI: Samsung TV Plus has just turned up the laughter volume and it’s completely free. The leading free ad-supported streaming television (FAST) service in India has launched Kings of Comedy, a premium comedy channel featuring some of the country’s most beloved primetime shows. Available exclusively on Samsung TV Plus, the channel delivers back-to-back hits including Comedy Nights with Kapil, Khatra Khatra Khatra, and Comedy Nights Bachao, with no login or subscription required.
The launch marks a milestone for free streaming in India, offering audiences a dedicated comedy destination directly from their Samsung TV home screen. It arrives as Samsung TV Plus India celebrates its 5th anniversary, during which the service has grown its monthly active users by 42 per cent and more than doubled its total viewing hours. The platform now offers over 180 free channels across 14 languages.
Samsung TV Plus India general manager and head of business development Kunal Mehta said, “Comedy is the heartbeat of Hindi entertainment, and Kings of Comedy brings together the shows Indians already love, completely free on their Samsung TV. Our focus remains the same take the content people know and make it effortless to access.”
Globally, Samsung TV Plus has surpassed 100 million monthly active users across more than 4,500 channels, solidifying its position as one of the world’s leading free streaming services.
Kings of Comedy is now available on all compatible Samsung Smart TVs. For viewers seeking non-stop laughter without any cost, this new channel delivers a royal treat proving that sometimes the best entertainment really does come with no strings (or subscriptions) attached.
