The ZEEL Board concluded that the "merger will be in the best interest of all the shareholders and stakeholders and it is in line with ZEEL’s strategy of achieving higher growth and profitability as a leading Media & Entertainment Company across South Asia.''
Financially troubled Zee Entertainment Enterprises will merge with Sony Pictures Networks India (SPNI).Accordingly, the board of ZEEL has provided an in-principle approval for the merger."The Board has evaluated not only on financial .
SPNI to have majority stakes in ZEEL & Sony Pictures Networks India merger prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
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.
Telly monolith in the making: Sony to have majority stakes in ZEEL merger ibtimes.co.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.co.in Daily Mail and Mail on Sunday newspapers.