Low promoter holding poses potential takeover risk to Zee
MUMBAI: Sony‘s decision to call off the merger of its India unit with Zee poses a significant threat to the Punit Goenka-led entity, as its precarious low promoter holding exposes it to a potential takeover bid and a leadership revamp.Goenka owns 4% in Zee, which was founded by his father Subhash Chandra in 1992. According … Read more