Over the near term, we foresee valuations of Zee to be under pressure: Elara Capital

The Singapore International Arbitration Center is the first Asian arbitration institution to offer this process and has received over 130 applications since 2010 for the appointment of an Emergency Arbitrator. (Image source: Moneycontrol)

According to Elara Capital, Zee may see a sharp de-rating in P/E valuation of its broadcasting business to at least 10x one-year forward or lower, due to the unfinished merger.

Zee-Sony merger saga ends: Timeline of the failed merger

The companies will also withdraw the respective Composite Schemes of Arrangement from the NCLT and inform the relevant regulatory authorities.

Sony Group Corp on Monday called off its merger with ZEEL, after two years of negotiating the $10 billion deal.

Zee-Sony Merger End: Zee readies for legal battle after Sony demands $90 million merger termination fee

The Singapore International Arbitration Center is the first Asian arbitration institution to offer this process and has received over 130 applications since 2010 for the appointment of an Emergency Arbitrator. (Image source: Moneycontrol)

Sony called off the $10 billion merger over alleged breaches by ZEEL. Zee said it will take legal action and called for a board meeting.