Last Updated: February 20, 2024, 19:06 IST
Zee Entertainment clarifies ‘not concerned in any negotiations’ with Sony to revive merger deal
The media agency’s scrip rose over 10% intraday on Tuesday
Zee Entertainment Enterprises Ltd on Tuesday clarified that the discuss of renewed talks with Sony to revive the scrapped merger deal is wrong, and that the corporate is “not involved in any negotiations”.
Earlier on Tuesday, information experiences had quoted sources saying the ZEEL had re-engaged with Sony Corp to revive the $10-billion merger in a final-ditch effort.
“We would like to clarify that the Company has not involved in any negotiations,” mentioned Zee Entertainment in a inventory alternate submitting a few information report on the supposed revival of talks with Sony.
The media agency’s scrip rose over 10% intraday on Tuesday. On Tuesday, Zee’s scrip on BSE closed buying and selling 8% larger at Rs 193.
“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 movement in the trading,” mentioned Zee.
