Zee-Sony settlement removes overhang but outlook stays uncertain: Analysts

Zee Entertainment Enterprises Ltd (ZEEL) and Sony’s India unit have agreed to withdraw all claims against each other related to their failed merger, removing a “key overhang” over the Indian media company, but analysts believe ZEEL’s share price is unlikely to be rerated anytime soon.

Any meaningful rerating would happen if it finds a new partner or strategic investor, they said.