Sony's Indian arm has scrapped a planned merger with Zee Entertainment which would have formed one of India's largest entertainment groups. The $10bn merger, first announced two years ago ...
Zee Entertainment plunged 33% after Sony Group canceled the merger of its Indian unit with the media company. Sun Pharmaceutical Industries was among the few gainers, rising 4.05%.
In July 2022, capital market regulator Securities and Exchange Board of India (SEBI) had initiated adjudication proceedings ...