ZEE Entertainment seeks extension in deadline for merger with Culver Max
The set deadline for merger is December 21
Source: theweek.in
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Zee-Sony Merger Case: NCLAT refuses to stay merger, next hearing scheduled for January 8
It was hearing an appeal by Axis Finance and IDBI Bank who have challenged the merger in the tribunal. The next hearing has been listed for January 8, 2024.
Source: livemint.com
Zee-Sony Merger: NCLAT Declines Stay
The National Company Law Appellate Tribunal on Friday declined to grant a stay on the merger between Zee Entertainment Enterprises Ltd. and Sony India Pvt. Axis Finance Ltd. and IDBI Bank Ltd. had contested the merger, and the NCLAT has issued notices in response to their pleas, scheduling the case for a hearing on Jan. 8, 2024.
Source: ndtvprofit.com
Zee-Sony merger | Zee-Sony race to beat deadline on merger, decision awaits on leader of combined entity
It is learnt that while they can stretch the date of the December 21 merger deadline, Zee and Sony are yet to make any announcement on such an extension. In September 2021, Zee and Sony entered into a non-binding agreement to merge their operations
Source: telegraphindia.com
SC agrees to hear IDBI Trusteeship Services' appeal against two Zee companies
Two promoter companies of ZEEL have been given four-week period by the SC to respond to the notices.
Source: afaqs.com