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After Sony-Zee merger collapse, promoters now control ZEEL with just 3.99% stake

Institutional shareholders, including mutual funds, insurance companies and foreign portfolio investors, who hold 71.78 per cent stake in ZEEL, are in a position to wield the clout in the running of the company ....

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Zee moves NCLT against Sony for calling off merger; to contest $90 million claim before SIAC

It is "evaluating all available options" and basis the guidance received from its board, said a regulatory filing from Zee Entertainment Enterprise.
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