Zee shares plummet 10% on buzz of Sony calling off merger
Zee shares plummet 10% on buzz of Sony calling off merger
Shares of Zee Entertainment Enterprises Ltd (ZEEL) have plummeted following reports of Sony Group Corp considering calling off the $10 billion merger. The decision is attributed to regulatory hurdles faced by Zee Entertainment's Managing Director, Punit Goenka.
Shares of Zee Entertainment Enterprises Ltd (ZEEL) have plummeted following reports of Sony Group Corp considering calling off the $10 billion merger. The decision is attributed to regulatory hurdles faced by Zee Entertainment's Managing Director, Punit Goenka.