NCLT notice to Sony on ZEE’s plea seeking merger
NCLT notice follows SIAC denying Sony’s application for "emergency interim relief"
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February 2024
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ZEE drags Sony to NCLT after $10-bn merger deal collapses
ZEE says it has also started "appropriate legal action" to contest Sony, BEPL’s claims in arbitration proceedings before SIAC
ZEE shares tank 30% to hit lowest level since Aug 2020
Sony’s termination of the deal with ZEE fuels downward rally; analysts say the scrip may fall to levels seen prior to merger announcement
ZEE weighing ‘legal options’ as Sony terminates $10-bn deal
Zee says it’ll contest Culver Max, BEPL’s claims of $90 mn in termination fees
ZEE shares drop 3.4% ahead of Sony’s final meet on merger
Speculations are rife the merger deal could collapse amid complications in finalising CEO Punit Goenka's role in merged entity
ZEE seeks more time for merger with Sony; shares drop 4%
Cut-off date for Zee-Sony merger was Dec 22, 2023; to be delayed now from earlier set deadline of Jan 2024
NCLT nod to ZEE-Sony merger; stock zooms 16%
NCLT approval comes many months after deal was announced back in 2021; it will lead to creation of the largest entertainment network in country
ZEE enters settlement with IndusInd Bank; stock jumps 5%
ZEE and IndusInd Bank have mutually entered into the settlement agreement under which all disputes and claims have been settled between the parties.
NCLT admits insolvency plea against Zee Ent; stock falls 10%
The NCLT has admitted a petition filed by IndusInd Bank after ZEEL failed to fulfil its debt obligations regarding payment of ₹83 crore loan issued to Siti Networks.
