Zee enters one-time settlement with Standard Chartered Bank for Siti Networks loan issue
Mumbai: Zee Entertainment Enterprises Ltd (ZEEL) on Thursday announced that it has reached a one-time settlement agreement with Standard Chartered Bank in connection with the credit availed by Siti Networks, a subsidiary of the Essel Group, media reports said.
ZEEL settles dispute with IndusInd Bank making way for Zee-Sony merger
Mumbai: The merger of ZEEL and Sony has moved a step forward as Zee Entertainment has settled the dispute over the dues with private sector lender IndusInd Bank, media reports said.
In an effort to address likely anti-competition issues, media groups Zee and Sony have agreed to sell three channels -- Big Magic, Zee Action, and Zee Classic, that may arise post their proposed merger deal, according to media reports.
ZEE Entertainment shareholders approve merger with Sony Pictures Networks
New Delhi: ZEE Entertainment Enterprises Ltd (ZEEL) on Friday said that its shareholders have given the green signal to the proposed merger of ZEEL and Bangla Entertainment Pvt Ltd with and into Culver Max Entertainment Pvt Ltd (formerly Sony Pictures Networks India).