Global brokerage firm CLSA has revised its recommendation on Zee Entertainment, changing it from a previous ‘buy’ rating to a ‘sell.’ This update comes in response to the cancellation of the $10 billion mega-merger with Sony Pictures Network. “With Zee-Sony merger being terminated, we believe Zee’s PE will slump back to 12x levels, seen prior … Read more
Shares of Zee Entertainment Enterprises Ltd are in news today after Quant Mutual Fund sold 48.15 lakh equity shares or half a percent stake in the media & entertainment company, via open market transactions. The transaction was carried out at an average price of Rs 266.61 per share. The value of the stake sale deal … Read more
Zee Entertainment Enterprises will be soon excluded from the MSCI Global Smallcap index, after it is merged with Sony Pictures, a report said on Saturday. At present, Zee Entertainment is part of the Nifty Midcap index. On August 11, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the merger scheme between Zee … Read more