Zee Entertainment's plea seeking the implementation of merger with Sony Pictures' India arm will be taken up by the National Company Law Tribunal (NCLT) on March 12. Zee's share prices climbed after the NCLT listed the plea. The merger scheme, which would've created a $10 billion media entity, was approved by NCLT's Mumbai bench in August 2023. However, Sony terminated the agreement in January due to delays and lack of consensus over leadership of the merged entity. Zee has also approached the Singapore International Arbitration Centre (SIAC) for implementation of the merger agreement. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
