After just over two years of high drama, Sony Pictures Networks India (now called Culver Max Entertainment) finally declared The End on its merger with Zee Entertainment Enterprises Ltd (ZEE) on 22 December 2021.
As part of its ongoing investigation against key management personnel of Zee Entertainment Enterprises Ltd (ZEEL), including CEO and MD Punit Goenka, SEBI has questioned some former directors regarding their steps to protect minority shareholder rights amid the failed Sony merger.
A number of domestic and overseas institutional shareholders in ZEEL are also in discussions backchannel to coordinate on future course of action, multiple people involved in the discussions said. Large domestic institutions are also engaging with one proxy advisory firm to explore a common course of action that might be palatable to a broader base of investors.
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The bulk deals data showed that there were 11 buyers, who acquired 58.17 lakh equity shares in CAMS at an average price of Rs 2,766 per share, amounting to Rs 1,609.01 crore