Screen grab Mumbai: Zee Entertainment Enterprises (ZEE) has decided to withdraw a merger implementation application filed before the Mumbai branch of the National Company Law Tribunal (NCLT). The application was filed by ZEE on January 24, seeking directions on the implementation of the Composite Scheme of Arrangement between ZEE, Culver Max Entertainment Pvt. Ltd. and … Read more
“ZEEL held several deliberations and good faith negotiations with Culver Max and BEPL, with a view to consider an extension of the merger completion timeline, that did not materialise,” the company said. | Photo Credit: Reuters The ZEE Entertainment Enterprises Limited (ZEEL) board which meet in Mumbai on January 22 took on record communications received … Read more
Screen grab New Delhi: Zee Entertainment has reiterated that the Company is committed to the merger with Sony and is continuing to work towards a successful closure of the proposed merger. Zee Entertainment said the article is baseless and factually incorrect with reference to reports that Sony is planning to call off the merger. Sony … Read more
New Delhi: Zee Entertainment Enterprises said on Wednesday that Sony Pictures Networks India has agreed to discuss the extension of the merger deadline. “The company is now in receipt of a communication from CMEPL and BEPL that they will enter into good faith negotiations as required under the Merger Cooperation Agreement (MCA) entered among the … Read more
Screen grab New Delhi: Zee Entertainment has asked Culver Max Entertainment, formerly known as Sony Pictures Network India, to extend the date required to make the merger scheme effective. The deadline for the merger is December 21. “Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, … Read more
