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.
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 .
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