Indian shares inched higher on Wednesday, helped by tech and auto stocks, while media firm Zee Entertainment soared after receiving board approval for its merger with Sony Pictures Networks India.
ZEEL-Sony proposed merger; Punit Goenka to remain MD & CEO, Sony to have majority after infusion afaqs.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afaqs.com Daily Mail and Mail on Sunday newspapers.
There was speculation that the investor action against the promoter family at Zee Entertainment Enterprises would force the board to take some action. And it has: early this morning Zeel announced that the board has approved a merger proposal between Sony Pictures Networks India and India’s largest troubled media entity.
Zee-Sony merger: Will the companies be able to clear CCI hurdle? 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.
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