The Zee Founder Family Will Eventually Raise Its Stake to 26%, Mint Reports

Days after a proposed merger with Sony’s India division failed, Mint revealed on Monday that Zee Entertainment (ZEE.NS)

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The Zee Founder Family Will Eventually Raise Its Stake to 26%, Mint Reports

Days after a proposed merger with Sony’s India division failed, Mint revealed on Monday that Zee Entertainment (ZEE.NS)

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After two years of discussions, Japan’s Sony (6758.T) closed a $10 billion merger deal with the Indian broadcaster last week.

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Often referred to as the “Father of Indian Television,” Chandra founded Zee in 1992 and is currently chairman emeritus of the company.

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Yes, a sizable sum of money will be required. However, we are adamant that we will not be seeking outside funding. We desire no debt.

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Sony and Zee have not said specific terms of the merger were not met, although they had previously disagreed over Zee’s suggestion that its CEO

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Punit Goenka, head the combined business following Goenka’s involvement in an inquiry by India’s market watchdog.

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