Further challenges facing Sony-ZEE merger?

Azha Khan



The Mumbai bench of the National Company Law Tribunal (NCLT) has reportedly asked the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) to reconsider their initial approvals for the Sony-ZEE merger.

In what could spell further trouble for the merger, the NCLT has asked the two exchanges to issue no-objection certificates before the next hearing in 16th June.

Earlier this month, the NCLT directed the exchanges to reassess the approvals.

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