Follow Us
Zee Entertainment Enterprise Ltd (ZEEL), in a communication to BSE, has said the company is not involved in any negotiation with Sony for reviving the merger deal.
Issuing clarification to BSE on news reports stating that its stocks went up 4% following some news reports that claimed that the company is trying to revive the merger deal with Sony, ZEEL said, "We categorically confirm that the abovementioned news item is factually incorrect.”
It further reads, "We wish to clarify that the company is not aware of any information that has not been announced to the exchanges which could explain the aforesaid movement in the trading, and we are not in a position to determine the material impact of the above-mentioned article on the Company. "
The Bombay Stock Exchange (BSE) on Tuesday sought clarification from Zee Entertainment Enterprises Ltd (ZEEL) on a news report claiming that Zee stock gained 4% following reports of an attempt to revive the merger deal with Sony.