ZEE share price plunges down 30% after failed Sony merger

ZEE Entertainment Enterprises Limited (ZEEL) share price plunged today over 30% after the collapse of merger talks with Sony.

The merger between ZEE & Sony fell through yesterday after Sony Pictures Networks pulled out of talks – merger talks started in December 2021.

ZEE share prices have hit a 52-week low of Rs 162.25 per share. ZEE Entertainment’s current market capitalization stands at approximately Rs 15,940 crore, a significant decrease from the nearly Rs 22,260 crore before the merger was called off.