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Zee Shares Drop 10% Post Sony Merger Deal Failure

Tuesday saw a dramatic 10% drop in Zee Entertainment’s stock following the cancellation of its $10 billion media merger agreement with Sony’s India division the previous day. Zee shares saw its most significant single-day decline since April 2021 at 10:05 am, down 9.98% on the National Stock Exchange (NSE) at Rs 208.30.

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