CONTOURS OF THE DEAL

ZEEL shareholders to own 47.07%

stake in merged entity, while Sony India to hold 52.93%

Sony India to invest $1.57 billion as growth capital Sony to transfer 2% shares of merged entity to Subhash Chandra family as part of non-compete pact Chandra family to hold 4% stake in merged firm, with option to increase it to 20% Sony to appoint majority of directors to the board