Zee Entertainment Stock Hits Lower Circuit As $10 Bn Sony Deal Collapses: Here's Expert Take

Zee Entertainment Enterprises’ stock plummeted 10% on January 23 (Tuesday) after Sony Pictures abandoned the $10 billion merger. The dissolution triggered downgrades, with brokerages expecting a significant dip in Zee's valuation. Sony cited deal closure delays and agreement condition lapses for the merger termination, seeking a $90 million termination fee due to alleged Merger Co-operation Agreement breaches. Zee Entertainment refutes the breach claims and the termination fee demand. The fallout raises concerns about Zee's future market performance. What should investors do now? BTTV's Sakshi Batra Speaks to Dharmesh Kant, Head of Equity Research, Cholamandalam Securities and Brijesh Ail, Head Technical, IDBI Capital Markets.