SPNI infusing growth capital of about $1.575 billion into the newly merged entity. : Financially troubled Zee Entertainment Enterprises will merge with Sony Pictures Networks India (SPNI) in what will create the country's largest entertainment and media entity with a presence across platforms. The board of ZEEL has provided in-principle approval for the merger that would also see SPNI infusing growth capital of about $1.575 billion into the newly merged entity for use in pursuing other growth opportunities "The Board has evaluated not only on financial parameters but also on the strategic value which the partner brings to the table.