Zee shares slumps 10% after failed Sony India merger

As of early trade, Zee's stock traded at ₹208.3, marking its lowest point since mid-July 2023. This significant drop comes after the stock had already experienced an 8% decline since the merger announcement in September 2021 and a cumulative 16% slump in the first month of 2024, fueled by mounting apprehensions surrounding the deal.