MUMBAI -- Shares in Indian broadcasting giant Zee Entertainment Enterprises had slumped over 50% by mid-May from their level at the start of 2024 amid the collapse of merger talks with a Sony Group unit, with a recently proposed reorganization plan doing little to spark a major rebound.
Markets
India's Zee Entertainment stock stumbles since Sony deal collapse
Broadcaster turns to reorganization proposal after plug pulled on merger
The terminated deal had been expected to create the biggest player in India's broadcasting industry. © Reuters
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