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Following the collapse of the Sony-Zee merger, Disney Star finds itself in a precarious position, potentially facing a substantial valuation setback amounting to $2 billion.
The SAT had criticized NSDL for transferring the pledged shares to Karvy's clients without proper legal authority, likening the action to that of a highway robber.
Disney Star faces a potential valuation hit of up to $2 billion following the aborted Sony-Zee merger, due to ZEEL disputing a $1.5 billion sub-licensing deal for the ICC. Reliance Industries is closely monitoring the situation, with potential downgrade scenarios prepared for Disney Star.