NCLT

MUMBAI: The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday directed Zee Entertainment Enterprises Limited (Zee) to convene a shareholders' meet on October 14 for approving the merger with Culver Max Entertainment (Sony Pictures Networks India).

The order, passed on August 24, but uploaded to the bourses on Wednesday, comes close on the heels of the Competition Commission of India (CCI)'s observation that the $10-billion merger could hurt competition and that greater scrutiny of the deal was needed, Business Standard reports.

Sep 30, 2021 18:09
NEW DELHI: How is this for a new twist in the tale to the proposed merger of Sony Pictures Networks India and Zee Entertainment Enterprises Ltd? The National Company Law Tribunal (NCLT) on Thursday directed ZEEL to hold a board meeting to consider Invesco's demand to convene an Extraordinary General Meeting (EGM).