Shares of Zee Entertainment Enterprises Ltd are in news today after investment firm Plutus Wealth Management LLP bought 61,10,797 equity shares or 0.63 percent stake in the media and entertainment company via open market transactions. The transaction was done at an average price of Rs 270.07 per share and was valued at Rs 165.03 crore. Zee Entertainment shares were trading on a flat note at Rs 271.95 against the previous close of Rs 271.05 on Thursday.
New Delhi: Zee Entertainment Enterprises said on Wednesday that Sony Pictures Networks India has agreed to discuss the extension of the merger deadline.
Zee Entertainment appoints three new independent directors - Pinisetti, Desai, and Agarwal - following AGM; Mehra and Mirchandani not re-elected., , zee entertainment, Directors
Zee, in September 2021, said it has entered into a non-binding term sheet with Sony Pictures Networks India to bring together their linear networks, digital assets, production operations and programme libraries
If the deal is struck, it could seismically reshape India’s TV and streaming landscape, with Japan’s Sony also planning to merge its India business with Zee Entertainment.