Zee Entertainment shares plunge over 25% after Sony calls off merger
Culver Max Entertainment, formerly known as Sony Pictures Networks India (SPNI), has terminated merger agreements with Zee Entertainment, which could have otherwise created a USD 10 billion media enterprise in the country. Zee's stock touched its lower price band on both BSE and NSE as the bourses revised lower circuit limit for the company on Tuesday.
Source: indianexpress.com
