
Why Zee Entertainment shares fell for five sessions
ZEEL shares dropped nearly 5% on Friday after the NSE barred the media company from the futures and options (F&O) segment of the exchange.
ZEEL shares dropped nearly 5% on Friday after the NSE barred the media company from the futures and options (F&O) segment of the exchange.
Shares of NDTV have risen 31.5% in the past six sessions after Gautam Adani’s Adani Group announced to acquire stake in the media company.
Adani Group’s open offer to acquire a majority stake in NDTV has been delayed as Gautam Adani’s firm needs approval from SEBI to complete the acquisition.
Adani Group’s media arm to buy 29.18% stake in NDTV and plans to make an open offer to acquire additional 26% shares in the media company.
The proposed merger of Zee Entertainment with Culver Max Entertainment (formerly Sony Pictures Networks India) has been approved by the BSE and the NSE.
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