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 a cash balance of about $1.58 billion (Rs 11,800 crore), according to the terms disclosed to stock exchanges. Sony's Indian subsidiary had a cash and equivalent of Rs 1,584.5 crore as of March 2021, according to its balance sheet filed with the Ministry of Corporate Affairs. The rest will have to come from its parent. Financials Sony India's consolidated total income and comprehensive income declined in the pandemic-marred fiscal 2020-21.