Media & Entertainment Sector

To safeguard the interests of shareholders and other stakeholders, the IIC shall thoroughly investigate all claims made by regulatory bodies against the business

The subject is scheduled for a follow-up hearing on March 8 after SAT requested that SEBI submit its response.

The regulator is currently scrutinizing thousands of pages of transactions, bank statements, agreements, partnership deeds, and board minutes

Tuesday saw an intraday gain of more than 10% in the media company's shares.

According to the sources, this is around 10 times higher than what Sebi investigators first predicted.

Zee Entertainment's stock dropped more than 10% on Wednesday following Bloomberg's report

Zee is expected to convey its decision to Sony within the next 24-48 hours regarding its willingness to accept the terms and conditions of the proposed merger.

Recommendation: Buy; Target Price: Rs 396

The proposed merger between the Indian media company and Culver Max Entertainment, the local division of Sony Group Corp. in Japan, may have accelerated as a result of the SAT's verdict (Sony Pictures).

The NCLAT postponed the case until October 31 and noted that ZEEL could submit a response if necessary.