Zee-Sony merger faces further delays; NCLT sets hearing for June 10
Zee-Sony merger: The merger was previously approved by all regulatory bodies and was expected to be completed by September
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Zee-Sony merger: The merger was previously approved by all regulatory bodies and was expected to be completed by September
In June, markets regulator Securities and Exchange Board of India (SEBI) banned Subhash Chandra and Punit Goenka from holding the position of a director or key managerial personnel (KMP) in any listed company or its subsidiaries until further orders
In a previous ruling, the NCLT instructed the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) to review their approval of the Zee-Sony merger.
IndusInd Bank had filed plea claiming that media and entertainment firm defaulted on a sum of Rs 83.08 crore
In March 2023, the parties informed NCLAT that they have reached a settlement and as per the settlement agreement