Culver Max Entertainment | Media major Zee Entertainment seeks more time to merge with Culver Max Entertainment
CMEPL is an indirect wholly-owned subsidiary of Sony Group Corporation
Source: telegraphindia.com
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Merger with Sony gets delayed as Zee seeks more time, listing likely in Mar-Apr
The cut-off date for the merger is December 22, 2023, two years from when the merger agreement between the two media companies was signed on December 21,2021. However, Zee has now requested Sony to extend the timeline in order to make the merger scheme effective, according to a Bombay Stock Exchange (BSE) filing.
Source: moneycontrol.com
NCLAT issues notice to Zee Entertainment, refuses to stay merger
The National Company Law Appellate Tribunal on Friday issued notices to Zee Entertainment Enterprise Ltd (ZEEL) over the petitions filed by IDBI Bank and AXIS Finance against an NCLT order that approved the media company’s merger with Culver Max Entertainment. However, a two-member NCLAT bench
Source: dailypioneer.com
Zee Entertainment Enterprises Ltd (ZEEL) | National Company Law Appellate Tribunal issues notice to Zee Entertainment, refuses to stay merger
The appellate tribunal has directed to list both petitions on January 8 for hearing, directing Zee Entertainment Enterprise Ltd to file a reply
Source: telegraphindia.com
Zee-Sony merger: India's largest media company is all set to be born
The National Company Law Appellate Tribunal on Friday issued notices to Zee Entertainment Enterprise Ltd (ZEEL) over the petitions filed by IDBI Bank and AXIS Finance against an NCLT order that approved the media company's merger with Culver Max Entertainment. However, a two-member NCLAT bench comprising chairman Justice Ashok Bhushan and Member Arun Baroka declined to grant any stay over the merger process during the pendency of the hearing. The appellate tribunal (NCLAT) has directed to list both petitions on January 8 for hearing, directing Zee Entertainment Enterprise Ltd to file a reply.
Source: rediff.com