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Zee Entertainment to merge with Sony India; Sony to invest $1.57 billion
short by Apaar Sharma / on 22 Sep 2021,Wednesday
The Zee Entertainment Enterprises Ltd on Wednesday said its board has given in-principle approval for its merger with Sony Pictures Networks India (SPNI). As part of the merger, Sony will invest $1.57 billion and will be the majority shareholder with 52.93% stake while ZEEL shareholders will hold 47.07% stake. Punit Goenka will be the MD and CEO of merged entity.
short by Apaar Sharma / 09:50 am on 22 Sep
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