Zee-Sony merger: NCLT adjourns hearing to July 10
ZEEL has informed the court that the scheme of arrangement between ZEEL and Sony has been approved by 99.9% shareholders
The National Company Law Tribunal (NCLT) has adjourned the hearing in the Zee-Sony merger case to July 10, media networks have reported.
Zeel's advocate has informed the court that the scheme of arrangement between ZEEL and Culver Max Entertainment (Sony) has been approved by 99.97% shareholders, and the regulatory bodies.
End of May, the National Company Law Appellate Tribunal (NCLAT) set aside the NCLT order directing the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) to review their initial approvals for the merger.
