The Mumbai bench of the National Company Law Tribunal (NCLT) has reserved its order in the merger case between Zee Entertainment Enterprises and Sony India.
Punit Goenka, managing director and CEO of Zee Entertainment Enterprises, stated during the hearing that 96 % of the company’s holdings are public, and no shareholders have opposed the merger scheme.
The NCLT approval is a crucial legal milestone for the merger scheme to be implemented. The outcome of the NCLT’s decision will determine the future of the proposed merger between Zee Entertainment Enterprises and Sony India.
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