In a regulatory filing, Zee Media said its board of directors, during their meeting today, approved the acquisition of up to 100 per cent equity stake in Maurya TV Private Ltd.
However, financial details of the deal were not disclosed.
This entity is "engaged in the business of broadcasting of a regional news and current affairs television channel 'Maurya TV' in the state of Bihar & Jharkhand," the filing added.
The deal is subject to various regulatory approvals.
Prakash Jha has made many films including Satyagraha, Raajneeti and Gangaajal.
Zee Media is the largest news network in India, comprising Zee News Ltd, Diligent Media Corp and India Web Portal, according to its website.