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IBHF argued the case for over an hour at the National Company Law Tribunal (NCLT) on February 28. The case is likely to be heard again on March 4.
The ‘Independent Advisory Committee’ has now been renamed as an ‘Independent Investigation Committee’.
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Sony Group Corp. narrowly escapes a risky $10 billion Indian merger after legal intervention, leaving target Zee Entertainment Enterprises Ltd. in dire straits amid mounting legal woes. The saga underscores caution for foreign investors in Indian deals. Zee's financial woes deepen as Sony's retreat prompts uncertainty, leaving room for new suitors like Adani, but with hurdles to clear.
Investors should keep an eye on the stock market on February 27, 2024. After experiencing two consecutive days of...