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.
source https://timesofindia.indiatimes.com/business/india-business/low-promoter-holding-poses-potential-takeover-risk-to-zee/articleshow/107155303.cms
Low promoter holding poses potential takeover risk to Zee
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January 25, 2024
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January 25, 2024
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