Zee share price: Picture abhi baki hai! Zee shares rally 7% as Sony merger talks re-start

Zee share price: Picture abhi baki hai! Zee shares rally 7% as Sony merger talks re-start

Shares of debt-ridden Zee Entertainment Enterprises Ltd (ZEEL) rallied over 7% to the day’s high of Rs 192 on Tuesday as the media house re-initiated talks for a merger with Sony Group after the $10 billion deal was cancelled last month. In a fresh dramatic twist, which is no less than an unending soap opera, … Read more

zee share price: Zee shares crack 15% as brokerages scream sell after Sony terminates merger

zee share price: Zee shares crack 15% as brokerages scream sell after Sony terminates merger

Shares of Zee Entertainment on Tuesday hit the 15% lower circuit at Rs 197 on BSE after brokerages downgraded the media stock following a painful end to an overstretched drama surrounding the $10-billion merger with Sony.“With the merger being called off, we downgrade Zee to SELL (from BUY) with a revised target price of Rs … Read more