Zee Entertainment Enterprises (ZEEL) has received observation letters from Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) for proposed merger with Culver Max Entertainment (formerly Sony Pictures Networks India). These observation letters permit the company to file the Composite Scheme of Arrangement with National Company Law Tribunal (NCLT), Mumbai Bench. The approval from the stock exchanges marks a firm and positive step in the overall merger approval process.
Earlier, ZEEL and Sony Pictures Networks India (SPNI) have signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries.
Zee Entertainment Enterprises is one of India’s leading television media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world.
| Company Name | CMP |
|---|---|
| Zee Entertainment | 81.06 |
| Sun TV Network | 641.25 |
| GTPL Hathway | 69.83 |
| Network 18 Media Inv | 36.38 |
| TV Today Network | 114.27 |
| View more.. | |
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