Zee Entertainment Gains 8% ON BSE

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Zee Entertainment Gains 8% ON BSE
25 Nov 2021
4 min read

News Synopsis

Zee Entertainment saw a surge of 8% on the BSE at intra-day trade on the BSE. The surge is seen as a result of a statement made by the CEO and MD of Zee Entertainment, Punit Goenka. The CEO recently said that the merger between Zee and Sony Pictures Networks India is in its final stages.

Zee Entertainment Enterprise announced the merger with Sony Pictures by signing the agreement in September. The results for quarter 2 (Q2) are low as compared to Brokerage’s expectations. The entertainment company is planning to launch many original shows under Zee5. The Ad revenues are also expected to rise during the financial year 2022.

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