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Against a closing value of Rs 231.75 on Friday, ZEE shares fell 29.98 per cent to hit a low of Rs 162.25 on BSE. This was the fresh 52-week low level for the stock, which hit a 52-week high of Rs 299.50 last month on December 12.
Zee stock dived 12.67 per cent to hit a day low of Rs 242.30 against its previous close of Rs 277.45. Brokerage Emkay Global said Zee shares could see a significant downside in case the proposed ZEE-Sony merger is called off. ....
Zee has asked Bangla Entertainment Private Limited (BEPL) and Sony Pictures Networks India, now known as Culver Max Entertainment Private Limited, to extend the date required to make the merger scheme effective ....
ZEEL: Nuvama Institutional Equities said ZEE's other sales and services soared 201 per cent YoY led by higher syndication and strong theatrical performance of movies (‘Gadar 2’).