National Company Law Tribunal approves ZEE-Sony merger
Sony Pictures Networks & ZEEL
The National Company Law Tribunal (NCLT) has approved the merger of ZEE Entertainment Enterprises with Culver Max Entertainment (Sony Pictures Networks India).
According to Exchange4Media, the NCLT dismissed all objections. It further stated that the merger should not be held ransom by the pending in the Securities and Exchange Board of India (SEBI).
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The deal, which was announced in December 2021, was delayed due to further due diligence.
