The A to Z of the Zee-Sony Merger Saga
The Zee-Sony merger in India has taken a dramatic turn. Neither the resignations of independent directors nor the demands raised by institutional investor Invesco prevented the merger agreement from being inked in 2021. However, an interim order from SEBI based on the past complaints raised by the independent directors has the potential to derail or delay the merger. While Zee has appealed against the order, its MD Puneet Goenka has shown a willingness to step down for the merger's success. The drama surrounding the Zee-Sony merger is intense, with high stakes involved. Host Kiran Somvanshi…
The skinny
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