Zee Entertainment Enterprises Ltd Stock Slumps 10% after Sony Scraps $10 Billion India Merger | India Business News
Zee Entertainment Enterprises Ltd tumbled as much as 10% after the cancellation of a planned $10 billion merger with Sony Group Corp in India sparked a flurry of downgrades, with most analysts predicting a sharp contraction in its valuations.At least nine brokers including Citigroup Inc and CLSA reduced their ratings on the stock as efforts … Read more