India's Zee down 7% after markets regulator bars promoters from boards

India's Zee down 7% after markets regulator bars promoters from boards

Zee Entertainment and SONY logos are displayed in this illustration taken, September 1, 2022. REUTERS/Dado Ruvic/Illustration

Shares of Zee Entertainment Ltd fell as much as 6.6% on Tuesday after India’s markets regulator barred its promoters from holding board positions in any publicly listed company, potentially delaying its merger with a local unit of Japan’s Sony.