Sony Group Corp.’s Sony Pictures Networks India Private Limited and Zee Entertainment Enterprises Ltd. agreed to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations, and program libraries.
They will take the new combined company public in India. SPE will indirectly hold a majority of 50.86 percent of the combined company, the promoters (founders) of ZEEL will have 3.99 percent, and the other ZEEL shareholders will hold a 45.15 percent stake.
