Sony Corp in advanced talks to buy stake in Zee Ent: Media report

According to the Mint report, Sony Corp is in advanced talks to buy a stake in Zee Entertainment and form a strategic partnership.

Mar 14, 2019 03:03 IST India Infoline News Service

Zee Entertainment
Shares of Zee Entertainment gained 1% on the NSE in the early morning trade on Thursday’s session. The stock was among top gainers on the Nifty50 today.

According to the Mint report, Sony Corp. is in advanced talks to buy a stake in Zee Entertainment and form a strategic partnership.

Subhash Chandra is looking to sell 20-25% stake in the BSE-listed company that is struggling to raise funds and pay off debt, the media report added.

Zee Entertainment Enterprises Ltd is currently trading at Rs456.15, up by Rs8.05 or 1.8% from its previous closing of Rs448.10 on the BSE. The scrip opened at Rs453 and has touched a high and low of Rs459.95 and Rs453 respectively.

The BSE group 'A' stock of face value Rs1 has touched a 52-week high of Rs609.75 on 02-May-2018 and a 52-week low of Rs288.95 on 25-Jan-2019. Last one week high and low of the scrip stood at Rs478.05 and Rs445.65 respectively.

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