February 21, 2024
1 min read

Zee Denies Sony Merger Talks

Zee shares were up more than 8 per cent on Tuesday and closed at Rs 193, up Rs 14.35….reports Asian Lite News

Zee Entertainment has denied reports that the company is in talks to revive the merger with Sony.

Zee Entertainment said, “We would like to clarify that the company is not involved in any negotiations, or any other event as stated in an article, and we categorically confirm that the news item is factually incorrect.

“We wish to clarify that the company is not aware of any information that has not been announced to the exchanges, which could explain the aforesaid movement in the trading, and we are not in a position to determine the material impact of the article on the company.”

Zee shares were up more than 8 per cent on Tuesday and closed at Rs 193, up Rs 14.35. The bounce in the stock was attributed to reports that Zee and Sony were in talks again to revive the merger.

ALSO READ: India’s AI Market to Hit $17B by 2027: Nasscom

Previous Story

Prioritizing Eye Health After 30

Next Story

Facial Remodelling and Beauty Trends

Latest from Business

India Dominates Global Digital Banking List

Indian banks have observed the most notable gains in day-to-day banking (+9.8 pp) and expanding relationships (+3.4 pp)….reports Asian Lite News As many as 9 Indian banks have been recognised as ‘Digital

India Tops Global Growth Charts Again

India Retains Top Spot as Fastest-Growing Economy, Only Major Nation to Exceed 6%…reports Asian Lite News India remains the world’s fastest-growing major economy and the only nation projected to achieve over 6%
Go toTop

Don't Miss

India lends helping hand to Palestine refugees

India is a dedicated donor to UNRWA, having given USD

Copenhagen-New Delhi bilateral ties touch new heights

Such developments took place during the just concluded three-day (October