Zee Media to incorporate WOS Rapidcube Technologies

The company says that incorporation will leverage the growth opportunities in the evolving digital space.

Oct 26, 2020 11:10 IST India Infoline News Service

Acquisition Concept
Zee Media Corporation Limited in its board meeting on Saturday has approved incorporation of Rapidcube Technologies Private Limited, a wholly owned subsidiary (WOS) of the company.

“The incorporation of the wholly owned subsidiary will leverage the growth opportunities in the evolving digital space and will help the Company in becoming more agile and customer focused,” the company informed the exchanges on Saturday.

At around 11.49 am, Zee Media is trading at Rs4.92 down by Rs0 or 0% from its previous closing of Rs4.92 on the BSE. 
The scrip opened at Rs4.92 and has touched an intraday high and low of Rs5.16 and Rs4.70 respectively.

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