Zee withdraws application for execution of merger with Sony
Mumbai: Zee Entertainment Enterprises Ltd. announced on Tuesday that it has withdrawn its application from the National Company Law Tribunal (NCLT) regarding the execution of its merger with Sony Entertainment Enterprises (Culver Max), the company said in a statement.
ZEEL says 'rumours' hurting it, forms Advisory Committee to tackle it
New Delhi/Mumbai: Broadcasting company Zee Entertainment on Friday said it has constituted an Advisory Committee, headed by a former Judge of Allahabad High Court, to tackle "widespread circulation of misinformation, market rumours and speculation" which have led to "erosion of investor wealth" of the firm.
Failed ZEEL-Sony merger drains Rs 3,130 crore from MFs, insurers
Mumbai: The failed $10-billion merger between Zee Entertainment Enterprises Ltd and Sony Pictures Networks India resulted in a substantial wealth loss of approximately Rs 3,130 crore for mutual funds and insurance companies on Tuesday, according to a media report.
ZEEL approaches NCLT seeking implementation of merger deal with Sony
Mumbai: Zee Entertainment Enterprises Ltd on Wednesday took legal actions by filing petitions with the National Company Law Tribunal in Mumbai and initiating proceedings at the Singapore International Arbitration Centre after Sony's termination of a $10-billion merger deal, media reports said.
Sony-Zee $10 billion merger deal collapses, Zee shares slide after breakdown
After two years of stalled negotiations, Japan’s Sony Corp officially called off its planned $10 billion merger between its Indian subsidiary and Zee Entertainment Enterprises Ltd. (ZEEL) on Monday (January 22), media reports said.
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).