ICICI Prudential Mutual Fund has sold a partial stake in Zee Entertainment amid a price crash following the termination of a merger with Sony. According to an exchange filing, I-Pru MF has sold 2.06 crore shares or 2.15% stake between January 20 and January 30 in a series of secondary market transactions. At the end … Read more
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
Shares of Zee Entertainment Enterprises Ltd (ZEEL) witnessed a significant decline of up to 10%, reaching a day’s low at Rs 249.75 on the Bombay Stock Exchange (BSE). This drop came in response to reports suggesting that Sony Group Corp is considering calling off the $10 billion merger, which has been under discussion for over … Read more