Sony Zee merger news: Zee-Sony merger failure a headache for Punit Goenka as a familiar threat looms
After the termination of merger agreement with Sony Pictures, Zee Entertainment faces a new threat thanks to its low promoter holding. A low promoter holding could expose the company to a hostile takeover risk, especially if institutional investors seek an exit. The company witnessed similar worries back when Invesco raised concerns.
Source: indiatimes.com
