The ZEEL Board concluded that the "merger will be in the best interest of all the shareholders and stakeholders and it is in line with ZEEL’s strategy of achieving higher growth and profitability as a leading Media & Entertainment Company across South Asia.''
Post-merger between Zee Entertainment and Sony Pictures Networks India, 47.07% stake will be held by shareholders of Zee Entertainment, while Sony Pictures Networks will hold a 52.93% stake in the merged entity. The merged entity will be a publicly listed company.
Zee Entertainment shares zoom 25 pc after merger announcement with Sony India mybigplunge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mybigplunge.com Daily Mail and Mail on Sunday newspapers.
Zee Tamil Channel: Punit Goenka to continue as the Chairman of ZEEL-Sony Merger | ZEEL-Sony Merger: ஜீ தமிழ் சேனலுடன் இணையும் சோனி நிறுவனம்; தலைவராக தொடர்வார் புனித் கோயங்கா india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.