Zee stock gets a boost post CCI clearing mega merger deal with Sony

Though there are some near-term concerns on the business front, most analysts are positive

The news that the Competition Commission of India (CCI) has cleared the proposed merger of Zee Entertainment (Zee) with Bangla Entertainment Private Limited (BEPL) and Culver Max Entertainment Private Limited (CMEPL) (formerly Sony Pictures Networks India or SPNI) triggered a rise of 4.65 per cent in the Zee stock, which closed at Rs 279.95 on the BSE.

The merger should take no more than 12 months. Zee and SPNI will combine linear networks, digital assets, production and program libraries. A majority of the board will be nominated by the Sony Group though Puneet Goenka will lead the combined entity as