ZEEL shares decline 4% after Sony refuses to agree to merger deadline extension
Zee shares fell after Sony India issued a statement saying it has not yet agreed to Zee's proposal for the extension of the merger deadline.
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Zee shares fell after Sony India issued a statement saying it has not yet agreed to Zee's proposal for the extension of the merger deadline.
The notice triggers an existing contractual provision in the deal that allows for both parties to discuss the possibility of extending the deadline
Not yet agreed to ZEE's request for extension of Dec 21 deadline for merger: Sony Pictures
The proposed $10-billion merger of ZEEL, BEPL and CMEPL has got regulatory approvals
Indian shares were subdued in early trade on Monday, tracking weak cues from Asian markets after New York Fed President John Williams pushed back against market bets of multiple rate cuts next year, reiterating the U.