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Sony-Zee merger: Zee shares crash 10%. Will Sony blackout 4 lakh shareholders' fate?

The regulatory hurdles that Zee Entertainments Managing Director Punit Goenka is entangled into seems to be one of the primary reasons prompting Sony to consider calling off the deal, which would have created a $10 billion entity, Bloomberg reported quoting sources late Monday. ....

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Zee Entertainment case: SAT seeks SEBI response in 48 hours to Punit Goenka's appeal, decision likely on Monday

The Securities Appellate Tribunal has postponed a decision in the Zee Entertainment case until Monday, and asked SEBI to respond within 48 hours. Punit Goenka has appealed against a recent SEBI order banning him and Essel Group chairman Subhash Chandra from holding any key management position. ....

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