ZEEL spent Rs 366.6 crore on compliances for its merger with Sony

Zee Entertainment Enterprises Ltd (ZEEL) incurred Rs 366.59 crore in compliance expenses for the failed merger with Sony until September 2023. The deal was called off due to a stalemate over leadership and other conditions. Sony Group Corp terminated the USD 10 billion merger, seeking USD 90 million as break-up fees.
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