The move - coming on the heels of a failed $10 billion merger with Sony India and the collapse of a $1.4 billion cricket broadcasting deal over a missed payment - is aimed at helping the loss-making company hit key performance targets, Zee said. That includes a 20% earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin target proposed by CEO Punit Goenka, Zee said.
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