Zee-Sony merger in final stages of stitching up, says Punit Goenka

About 53% of the merged entity would be owned by Sony and the rest by Zee's holders, according to the non-binding agreement signed in September

The merger talks between Zee Entertainment Enterprises and Sony Pictures are in final stages of stitching up, said Punit Goenka, MD and CEO of Zee Entertainment Enterprises at an event in Delhi on Tuesday.

Both companies had announced a merger in September of their India businesses with Sony holding the majority stake.

"I certainly believe that consolidation is going to benefit the industry overall. Zee and Sony will form the largest media entertainment player in the country. Our revenues on a standalone basis will be close to $2 billion, and the capital growth that Sony is going to infuse in