Stocks in News Zee Entertainment has signed a merger deal w | Groww

Stocks in News

Zee Entertainment has signed a merger deal with Sony Pictures Networks India Private Limited according to which Sony Pictures Entertainment will infuse USD 1.575 billion in the merged entity.

Post the merger, 47.07 percent stake will be held by shareholders of Zee Entertainment, while Sony Pictures Networks will hold a 52.93 percent stake in the merged entity.

Moreover, Punit Goenka will be the MD & CEO of the merged company for 5 years.
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