Zee promoter Subhash Chandra wrote to FM before Sony merger termination: CNBC-TV18 accesses letter
Zee Entertainment’s promoter Subhash Chandra wrote to Finance Minister Nirmala Sitharaman last week on January 16, a week before its $10 billion merger with Sony Pictures was terminated. The letter, accessed by CNBC-TV18 sought the Finance Minister’s intervention to “safeguard the interest of Zee Entertainment’s minority shareholders.” The letter alleges that efforts are ongoing to …