Zee Leisure shares prolong rally on constructive brokerage view; Sony deal seen worth accretive

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Zee Leisure Enterprises (Zee) share worth rallied one other seven p.c on Thursday to hit a 52-week excessive of Rs 362.85 after the corporate introduced a merger with Sony Photos Networks India. Zee shares had surged greater than 30 p.c within the earlier session.

India’s two high media leisure channels Zee and Sony Photos Community, on Wednesday, introduced an unique, non-binding time period sheet to merge each the businesses.

The mixed entity shall be a publicly listed entity and the nation’s largest TV broadcast firm. Based on the time period sheet, Zee CEO Punit Goenka

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