ZEEL, Sony Pictures Networks get in-principle approval for merger

22 Sep 2021 Evaluate

Zee Entertainment Enterprises (ZEEL) and Sony Pictures Networks India (SPNI) have received in-principle approval for a merger that will combine both companies’ linear networks, digital assets, production operations and program libraries. Basis the existing estimated equity values of Zee Entertainment Enterprises and SPNI, the indicative merger ratio would have been 61.25 per cent in favour of ZEEL.

Zee Entertainment Enterprises is one of India’s leading television media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world.

Zee Entertainment Share Price

138.70 -2.65 (-1.87%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Zee Entertainment 138.70
Sun TV Network 602.70
GTPL Hathway 165.35
TV18 Broadcast 46.09
Den Networks 47.40
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