Zee Entertainment shares are trading at Rs 254, down 8.3 per cent on BSE.According to media reports, Sony India is close to calling off the merger with Zee Entertainment. On Zee Enterprises, it said   We believe clarity should emerge in the next couple of weeks regarding a final decision concerning the merger, and if it does not go through, we see significant downside from current levels. After receiving all necessary regulatory approvals, this breakdown can be a setback to both Sony and Zee, having both reported subpar growth over the last year, Emkay Global Financial Services said in a report. New Delhi, Jan 9  IANS  Zee Entertainment  NS ZEE  shares were down 8 per cent on Tuesday after reports that Sony is planning to call off the proposed merger.
Zee Entertainment shares fell 8.3% on BSE to Rs 254 due to reports that Sony India may cancel the merger deal. Emkay Global Financial Services believes that if the merger does not proceed, it will be a setback for both Sony and Zee, who have both reported below-average growth in the past year.