Media & Entertainment Sector

Following this development, Zee Entertainment’s counter was trading 3.82% higher at Rs 206.50.

The NCLT approval is a crucial legal milestone for the merger scheme to be implemented.

The case is being heard by the NCLT bench, which is comprised of a technical member named Madhu Sinha and judicial member HV Subba Rao.

Dwivedi has been prohibited by SEBI from assuming any directorial role.

The corporation stated that it was "beyond our comprehension" as to why the current matter was being re-investigated/re-examined given that the underlying cause of action was over four years old.

Recently, JioCinema has introduced its premium paid service for Hollywood content priced at Rs 999 per year.

On the sectoral front, Nifty IT (+1.42%) and Media (+1.71%) stocks are trading with the most gains.

Recommendation: Buy; Target Price: Rs 217

Plea dismissed as matter has already settled with creditors who had brought the insolvency petition.

Sony Pictures Networks India Pvt. will own a little more than half the shares once the deal is completed and Zee’s founders will hold 3.99% while public shareholders will get the rest.