ZEE & Sony’s proposed merger given nod by stock exchanges

BizAsia Correspondent



ZEE Entertainment Enterprises Ltd (ZEEL) has been given approval from the Bombay Stock Exchange (BSE) and National Stock Exchange (NCE) for its proposed merger with Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India Private Limited).

In December last year, ZEEL and Culver Max Entertainment agreed to merge their linear networks, digital assets, production operations, and program libraries.

The merger is awaiting approval from the Competition Commission of India (CCI).

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