Sony Pictures Networks India Pvt Ltd (SPNI) and Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday said they have signed definitive agreements for their merger following conclusion of an exclusive negotiation period during which both parties conducted mutual due diligence. In a joint statement, the two companies said they have "signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries". The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due diligence, it added.
The country has seen and upswing in demand for both affordable and the premium housing segments.
Such investments come with their own share of risks and buyers may need to hold on for at least 5 to 10 years.
June quarter showed revival over previous one, says study; Mumbai-Pune and Bangalore lead the way
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