If the deal is struck, it could seismically reshape India’s TV and streaming landscape, with Japan’s Sony also planning to merge its India business with Zee Entertainment.
The stock rose 2.58 per cent to hit an intraday high of Rs 358 on the Bombay Stock Exchange (BSE) in early trade. However, it shed all its early gains and tanked 4.66 per cent to hit an intraday low of Rs 332.75.
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