Low promoter holding poses potential takeover risk to Zee

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Sony's cancellation of the merger with Zee poses a threat to Zee due to low promoter holding, potential takeover bid, and leadership changes. Goenka's 4% ownership in Zee may be at risk. Institutional investors may voice concerns, and Zee needs to prevent a takeover. The failed merger would have increased Zee's promoter ownership.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lNdLunU

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