Page 11 - Culver Max News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Singapore International Arbitration Centre will hold online hearings for the arbitration case filed by Culver Max Entertainment and Bangla Entertainment against Zee Entertainment Enterprises over alleged merger agreement breaches. Sony terminated the merger agreement on January 22 and demanded a $90 million termination fee. Zee disputes the allegations and urges withdrawal of the termination notice.

Zee Entertainment shares jumped more than 5 per cent on Tuesday amid reports of an emergency arbitration hearing of its terminated merger with the Sony Group in Singapore.

The tribunal has kept the next date of hearing on this matter on March 12

In a recent interview Chandra said that the promoters would, over a period, increase their stake in Zee from the current 4% to 26%

Mumbai, The National Company Law Tribunal (NCLT) on Tuesday accepted a petition by a Zee Entertainment shareholder seeking the merger of its Indian entity