Shares of debt-ridden Zee Entertainment Enterprises Ltd (ZEEL) rallied over 7% to the day’s high of Rs 192 on Tuesday as the media house re-initiated talks for a merger with Sony Group after the $10 billion deal was cancelled last month. In a fresh dramatic twist, which is no less than an unending soap opera, … Read more
New Delhi: Shares of Zee Entertainment zoomed as much as 6 per cent in opening trade on Thursday after the company received conditional approval for the merger with Sony from the Competition Commission of India (CCI). The deal, announced a year ago, received the Competition Commission of India’s nod after the regulator accepted ‘voluntary remedies’ … Read more
Zee Entertainment, which has seen its shares falling 37 per cent from the recent peak, could see multiple headwinds in the near future, but analysts’ targets so far suggest up to 77 per cent upside on the counter. A fall in network share for two straight quarters, headwinds for advertisers and a lack of clarity … Read more