“Media baron Subash Chandra-led Zee Entertainment Enterprises Ltd has decided to acquire an 80% stake in tech startup Margo Networks Pvt. Ltd for Rs 75 crore ($11.5 million),” reported VC Circle.

IndusLaw partner Anupam Prasad and associates Priyank Nanavaty and Anindita Ganguly acted for Zee.

Shah & Singhvi Advocates & Solicitors partner Paresh J Shah and associate Pooja Bhatia acted for Margo Networks.