Zee-Sony merger includes $1.57 billion fund infusion in Zee

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26 Aug, 2025 12:21

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Zee Entertainment board today proposed merger between Zee and Sony Pictures Networks India (SPNI) by way of which the eventual shareholding of Sony in Zee will be majority of 52.93 percent.

Sony’s controlling shareholding in Zee involves growth capital of $1.57 billion.

This merger will require shareholder approval for the deal to go through.

Zee and Sony have entered into a 90-day exclusivity period for the deal. Zee shareholders will hold 47.07 percent of the merged entity as per the indicative merger ratio of 61.25 percent in favour of ZEEL.

As part of the transaction, Punit Goenka will continue to be the Managing Director and CEO of the merged entity.

Further, certain non-compete arrangements will be agreed upon between the promoters of ZEEL and the promoters of SPNI.

According to the term sheet, the promoter family is free to increase its shareholding from the current 4 percent to up to 20 percent, in a manner that is in accordance with applicable law.

Majority of the Board of Directors of the merged entity will be nominated by Sony Group.