9X

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For other uses, see 9X (disambiguation).
9X
9X logo.png
9X Logo
Launched 12 November 2007
Owned by Zee Entertainment Enterprises Ltd.
Country India
Headquarters Mumbai
Availability
Satellite
Dish TV Channel 113
DD Direct+ Channel 022
Cable
Hathway (India) Channel 18

9X is an Indian Hindi general entertainment channel based in Mumbai.[1] It is owned by Zee Entertainment Enterprises Ltd. (ZEEL). The channel was launched on 12 November 2007 in India. Launched as the flagship of the INX Network, 9X churns out fiction and non-fiction programming and Bollywood films.[2]

On 10 August 2009, 9X ceased broadcasting in the UK on Freesat and Sky Digital where it had been a free-to-air channel.[3] Currently 9X has no original shows on air as it only airs old shows of Zee TV like Kasamh Se and Asititva.

Sale to ZEEL[edit]

On 8 March 2010, it was revealed that ZEEL had made a bid of Rs 650 million for 9X, who owe Rs 1.30 billion to creditors.[4] The INX management is expected to pitch in with some money of their own to seal the deal with the creditors, who are expected to agree with to the deal. INX is then expected to spin off 9X, which will be taken over by ZEEL after a court approves the arrangement. After the 9X sale, INX will be left with just the music channel 9XM. On 20 April 2010, ZEEL confirmed that it had secured an in-principle approval from its board for acquisition of 9X, under a Scheme of Arrangement, subject to appropriate statutory and regulatory approvals.[5] The board met again on 29 April to consider, the terms of the Scheme of Arrangement, including the share swap ratio, the appointed date, etc.

On 29 April 2010, ZEE Network's board of directors has approved the Scheme of Arrangement between ZEEL and INX Media, former owners of 9X.[6] With the arrangement, 9X will exit INX Media and vested into ZEE Network, with a proposed acquisition funded by issuance of new shares by ZEEL to shareholders of INX. The share swap ratio has been proposed at 1 (one) equity share of Rupee 1/- each of ZEEL for every 71 (seventy one) equity shares of Rupees 10/- each of INX held by the shareholders of INX, as on 30 June 2010. ZEEL would also take over liability of Rs 600 million. As of today, ZEEL’s is priced at Rs 306 per share. 9X is expected to retain its current brand, despite being bought out by ZEE Network.

Shows[edit]

References[edit]

  1. ^ "9X". 9xtv.in. Retrieved 17 July 2010. 
  2. ^ "9x Tv Schedule". in.com. Retrieved 10 August 2013. 
  3. ^ "9X ceases broadcasting in the UK". Biz Asia. 11 August 2009. 
  4. ^ "Zee set to buy 9X in novel deal". DNA. 8 March 2010. 
  5. ^ "Zee Entert - Board declares Special Interim Dividend". Bombay Stock Exchange. 20 April 2010. 
  6. ^ "ZEE Network approves 9X buyout scheme". Biz Asia. 29 April 2010. 

External links[edit]