Zee Entertainment lost significant merger-related costs with a Sony subsidiary
According to regulatory records, Zee Entertainment spent Rs 432 crore on merger-related expenses in 2023–2024 and 2022–2023 as a result of their botched merger agreement with the India media division of Sony Group Corporation, Culver Max Entertainment.
According to the documents, the company’s merger-related expenses were Rs 256 crore in 2023–24 and Rs 176 crore in the previous year.