Zee Entertainment Enterprises (ZEEL) has acquired the remaining 51% stake in Fly By Wire (FBW). Consequent to the receipt of approval from Ministry of Civil Aviation and compliance of other requisite formalities, the company has acquired the balance 51% stake in FBW comprising of 10,20,000 equity shares of Rs 10 each.

In March last year, the company had announced that it will fully acquire charter plane services firm FBW for a total consideration of Rs 612.5 million. In May, ZEEL acquired 49% stake in FBW.

Total volume of shares traded on the bourses today was lower by 80.11% to 391,621 compared with 22-day average volume of 1,968,612.

Shares of the company gained Rs 10.3, or 1.94%, to trade at Rs 540.40. The total volume of shares traded was 25,727 at the BSE (9.49 a.m., Wednesday).