ZEEL trades jubilantly on getting in-principle approval for merger with Sony Pictures Networks

22 Sep 2021 Evaluate

Zee Entertainment Enterprises is currently trading at Rs. 310.10, up by 54.45 points or 21.30% from its previous closing of Rs. 255.65 on the BSE.

The scrip opened at Rs. 281.20 and has touched a high and low of Rs. 319.50 and Rs. 281.20 respectively. So far 2965679 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 319.50 on 22-Sep-2021 and a 52 week low of Rs. 166.80 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 319.50 and Rs. 242.20 respectively. The current market cap of the company is Rs. 29944.08 crore.

The promoters holding in the company stood at 3.99%, while Institutions and Non-Institutions held 76.08% and 19.93 % respectively.

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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