Zee Ent crashes 33% after Sony calls off mega-merger: What's next for the company
Shares of Zee Entertainment crashed 33% to a 52-week low of Rs 152.5 on BSE on Tuesday, recording the worst single-day fall in history after brokerages downgraded the media stock following a painful end to an overstretched drama surrounding the $10-billion merger with Sony. Zee Entertainment Enterprises CEO & MD Punit Goenka and the promoter family can continue to call the shots with a tiny equity stake.