Customers look at televisions at in Mumbai, India. (Photographer: Kuni Takahashi/Bloomberg)
The board of Zee Entertainment Enterprises Ltd. has approved a merger with Sony Pictures Networks India Pvt. even as investors want a change in the broadcaster’s leadership.Japan’s Sony Corp. will have to infuse a little over Rs 10,000 crore in its Indian subsidiary as part of the transaction.That’s because, for the merger to go ahead, the parent has committed to infusing growth capital into Sony India such that the company will have...