Sony's India entertainment unit will buy local rival Zee , merging TV channels, film assets and streaming platforms to become the largest broadcaster in the country and better compete with companies like Netflix and Disney.
Punit Goenka continues to be the Managing Director and CEO of the merged entity. He continues to steadily work towards achieving higher profitability in line with its set goals for the future.
Multibagger alert! This Rakesh Jhunjhunwala stock zoomed over 100% in one month; do you own it? businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Zee Entertainment signs merger deal with Sony Pictures, Punit Goenka to continue as MD & CEO of merged entity dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
On September 21, the 30-share Sensex ended 514.34 points or 0.88 per cent higher at 59,005.27 and the NSE Nifty zoomed 165.10 points or 0.95 per cent to 17,562.