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Zee Entertainment has initiated legal action to contest Culver Max (formerly Sony Pictures Network India) and BEPL's claims in the arbitration proceedings before the Singapore International Arbitration Centre (SIAC).New Delhi, Jan 24 (IANS) Zee ...
Sony earlier this week called of the transaction with Zee Entertainment, which is reported to be worth $10 billion.
In a regulatory filing, Zee Entertainment Ltd (ZEEL) said it has asked Culver Max and Bangla Entertainment PVT Ltd (BEPL) to immediately withdraw the termination
On Wednesday, Zee's scrip on BSE closed trading 6% higher at Rs 165.75
Zee Entertainment has moved NCLT against Sony for terminating the merger, as well as the demands of $90 million break-off fees.