ZEEL Spent Rs 366.6 Crore On Compliances For Its Merger With Sony

Similarly, Karan Taurani, SVP of Elara Capital, said: “We believe the termination will have a negative impact on both parties, as both companies are going through stiff competition from digital media and face a potential threat from the merger of RIL/Disney over the near term.”

ZEEL has reported a muted performance in terms of growth and profitability over the last two years, as revenue growth has converged to 2.2% and EBITDA margin dipped to 10.2% due to losses in the OTT segment and lower growth in the linear TV segment.

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