Zee-Sony Merger: NCLT directs Zee to hold shareholders' meeting on October 14

ZEE Entertainment Enterprises(ZEEL), a leading content company has today issued an official statement pertaining to the order issued by NCLT, allowing the Company to conduct the shareholder meeting for the proposed merger with Sony. October 14 has been selected as the final date for the merger.

The Mumbai bench of the tribunal issued the order on August 24.

As per the statement: "The National Company Law Tribunal (NCLT) Mumbai bench has directed in its order, that a meeting of the Equity Shareholders of Zee Entertainment Enterprises Ltd. be convened and held on Friday, 14th October, 2022 for the purpose of considering, and if thought fit, approving the proposed merger of the Company with Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India Private Limited)." - Company Spokesperson.