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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (4467)	6/11/1999 9:14:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

Indian investmnets-ZEE TELEFILMS ***HOT**? Company Website. zeetelevision.com ( zeetelevision.com ) Stock Info. walletwatch.com Foray into Internet, merger make Zee attractive** Sunita Nagpal -------------------------------------------------------------------------------- Zee Telefilms' proposed foray into internet services and merger with Rs 2400-crore Zee Multimedia Worldwide have made valuations attractive for the stock. The scrip after touching a high of Rs 1835 on May 21 is currently languishing at Rs 1518.5, enjoying a PE of 46 times. The company proposes to launch eight more channels in the current fiscal and is likely to list its shares on the New York Stock Exchange (NYSE) post merger with Zee Multimedia. Zee Telefilms Ltd (ZTL), with a stable of four channels, is the world's premier South Asian TV Network, enjoying a viewership of more than 200 million in more than 75 countries. ZTL produces and supplies software (TV programmes) to Hongkong-based Asia Today Ltd (promoted by Star TV and Essel Group) on a cost plus pricing basis. ZTL also promotes Siti Cable -- India's largest cable network which currently enjoys a market share of more than 15 per cent, has presence in 43 cities and a subscriber base of 3.5 million homes. The strength of the company lies in its ownership of media assets, rights to over 2,200 films and its in-house production facilities at Mumbai and Delhi. The company has also ventured into new related businesses, such as Zee Music, Zee Education (ZED), and ZED Institute of Creative Arts (ZICA)...... financialexpress.com