Share Market Highlights 21 February 2024: Sensex, Nifty close lower; Zee Entertainment’s accounting irregularities plunge media stocks

Share Market Highlights 21 February 2024: Sensex, Nifty close lower; Zee Entertainment’s accounting irregularities plunge media stocks

Recent Interviews As of 17:54 PM Tuesday 20 February 2024 Balaji Amines: D Ram Reddy, MD Balaji Amines Subdued Q3 Brigade Ent: Pavitra Shankar, MD We Will Continue To Invest In Land & New Projects: Brigade Enterprises Deepak Nitrite: Maulik Mehtav, CEO Key Levers For Growth; Uptick In Margins Likely? Five Star Business F: Srikanth … Read more

Zee Ent Shares Fall 10% After Reports Of Sony To Call Of Merger; Details

Zee Ent Shares Fall 10% After Reports Of Sony To Call Of Merger; Details

Shares of India’s Zee Entertainment fell 10% in early trade on Tuesday, a day after Bloomberg reported that Japan’s Sony was planning to scrap the $10 billion merger of its India unit with the broadcaster. The story, citing sources, said that Sony is looking to cancel the deal over a standoff on whether Punit Goenka … Read more

No ZEE-Sony merger? ZEE Entertainment shares may see significant downside; further de-rating, says Emkay

No ZEE-Sony merger? ZEE Entertainment shares may see significant downside; further de-rating, says Emkay

Shares of ZEE Entertainment Enterprises Ltd could see significant downside in case the proposed ZEE-Sony merger is called off, said Emkay Global. As per a report, Sony is likely to issue a termination notice by January 20 as the decision on who would be at the helm of the merged company is the contentious issue, … Read more