Sony deal spurs hopes for more gains in India’s No.1 media stock
Zee shares have rebounded 58% from a June low, helped a surge last week after India’s company law tribunal approved the deal to create a $10 billion local media giant. Still, it remains more than 40% below a peak it touched after reports of the contentious deal first surfaced in 2019. Stock rose as much as 3.2% on Monday.
