Zee: DIIs and unitholders' interests

Why are DIIs holding such a high stake in Zee, which is beset with alleged governance issues? Perhaps they think Zee is a deep-value stock

Last week, Sony Pictures Networks India (now called Culver Max Entertainment) ended its merger proposal with Zee Entertainment, signed on December 22, 2021. The market had already got the wind of it and so the stock started weakening from around Rs 278 on Monday, January 8. By January 23, when the breakup was official, the stock crashed 43.8 per cent in just 11 trading days. With the collapse of this deal, the spotlight will be back not only on Zee promoter Subhash Chandra but equally on the institutional shareholders of Zee, because of the 

following startling facts about Zee’s ownership today.