As the company looks to gain incremental subscriber market share, it is counting on its regional DTH brand called Zing which was revamped with extended set-up box lifespans to four from 2 years.
Once India s largest DTH platform, Dish TV has been steadily losing ground due to competition in the market and a tussle between promoters led by Jawahar Goel and other investors including Yes Bank, which has now transferred its 24% shareholding to JC Flowers. Dish TV promoters own a 4% stake in the company.
After the termination of merger agreement with Sony Pictures, Zee Entertainment faces a new threat thanks to its low promoter holding. A low promoter holding could expose the company to a hostile takeover risk, especially if institutional investors seek an exit. The company witnessed similar worries back when Invesco raised concerns.
India Business News: Sony's cancellation of the merger with Zee poses a threat to Zee due to low promoter holding, potential takeover bid, and leadership changes. Goenka's
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