Zee Entertainment Enterprises Ltd
has clarified to the exchange on Monday regarding news item appearing in media websites informing about a potential merger of Viacom18 and Zee Entertainment through a share swap deal.
Company confirmed in a regulatory filing that that there is no such transaction being undertaken and the matter is speculative in nature.
On Monday, the scrip opened at Rs219 and has touched a high and low of Rs224.05 apiece and Rs216.15 apiece respectively during early trading hours. The current market cap of the company is Rs21,304.24cr.
At around 12:51 PM, Zee Entertainment Enterprises was trading at Rs221.85 per piece up by Rs0.05 or 0.02% on Sensex.