Zee Media quashes baseless rumours of its acquisition, urges SEBI to take action

A lot of rumours are rife in the market related to Zee Media acquisition. The esteemed media house has rejected the rumours and reiterated that news of talks between Dr Subhash Chandra and Gautam Adani related to the acquisition of Zee Media by Adani Enterprises in an all-cash deal is false and completely baseless.

"In the greater interest of the public and the minority stakeholders, we would like to reiterate and clarify that no such agreement is there between Mr. Gautam Adani and Dr. Subhash Chandra," a statement Zee Media Official Spokesperson said.

"These speculations are leading to some unwarranted stock trading, and we sense a malintent behind this," the statement by Zee Media added.

Moreover, Zee Media has urged SEBI to take action against those spreading this false news, and baseless rumours.